Ex-Ald. Ameya Pawar writing the book on why we need government-owned banks in the public interest – Chicago Sun-Times

Working with the George Soros’ Open Society Foundations, he thinks a public banking system handling depositors and public pension funds could fuel transformative change. “We’ve allowed money into politics, but we don’t allow politics into money. We don’t allow our social justice or climate-friendly investment thinking into investment banking, but we certainly allow the investment bankers’ money into politics," he says.
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Lyn P
5 years ago

If this is not a B-line to socialism and financial control of the public via digital dollar, I don’t know what is.

NB-Chicago
5 years ago

OMG!!, Pawar is sugesting using pension funds to be loaned out for sjw projects…and then when all the loans go south the tax payers on the hook to make up the fund level differance just as we are today. What could go wrong???

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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