-- 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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2 words – Lori Lightfoot. She has bungled many things being mayor. Allowed monuments to be torn down. Won’t let police do their jobs. Until she is voted out of office it will get worse. And yes, Illinois can survive just fine without Chicago.
I see it differently – she’s created a progressive utopian dream. BIPOC (and whites) are free from the chains and bond of…criminal law, and now everyone can achieve their dreams w/o the fear of a systemically racist criminal justice system holding them back. She emptied out downtown in the name of coronavirus and now everyone is safe working at home. She’s got equity programs here, equity programs there, equity everywhere! She’s neutered the police as her progressive constituency wants and she’s got a crazy spending more than a drunken republican could ever dream of spending. She’s achieved nearly all her… Read more »
the Democrat depression of 2020’s
Bogleheads blog-site forum has post asking “is Chicago safe to visit?”. Responding comments were indicative of how uninformed, and ill-informed, people really are. Lots of responding posts claim downtown Chicago is “back to normal” and that “crime is overstated in press”.
Lori you see these??? 🤡