-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Lopez is running for mayor, Wirepoints. Time to do deep-dive into his background, because next Chicago mayor, per equity-standards, would/should/could be a Latino politician. Maybe Mendoza tries again, but her visibility has significantly diminished during Covid lockdown. Lopez, however, has gone nose-to-nose with Lightfoot several times.
Chicago Contrarian site posted a SCC blog-post that note Lopez is visiting CPD precincts – that’s a sure sign of early campaigning.
Political gang that is.
So Lopez is just figuring this out! HAHA
Too Late
Change the tax structure to entice business to move back.
Else, gangs is what you’ll get.
Own it you bunch of ignorant buffoons.
It’s worse than that, the gangs are already here, and the City does little to stop them. Because the dirty little secret is that about 2/3rds of Chicago is the gangs. Gangs don’t come from a vacuum, or from some from away place like a foreign invader. Gang members are your neighbors, your friends, your nephews & uncles, your childhood bestie, your godmother’s baby daddy, and so on. Even the Mexican gangs come here because they have relatives who help them out. And just as in the working class white community everyone knows someone active in a union, in the… Read more »
Chicago City Council itself has several alderpersons with gang-membership past, and/or gang affiliation relationships. Wirepoints, it would be useful to flag those alderpersons with criminal convictions, tax scofflaws, and gang-affiliations.