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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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Nothing but theatre. Noise while stuffing their pockets.
This is all theater. Black and hispanic alderman will band together and redistrict two white majority wards into hispanic wards. No white alderman can even make a peep about losing two white majority wards without being called a racist. And the white progressives constituency in the city will largely agree with this new arrangement. It’s equitable to redistrict fewer white wards despite being the minority-majority within the city limits. It’s so obvious to me what is going to happen.
Ervin is upset because a Hispanic gain will be at the expense of Negroe wards. If he doesn’t squawk, his constituents will call him a Tom. It’s a charade, he could care less. All his money is invested in Maywood.
The comment that the Latino Caucus map disenfranchises the Black community is a reminder that if Alderman Lopez runs for mayor, the Black community will go back to supporting Lightfoot, regardless of her performance. The Latino community isn’t disenfranchising anyone. The Black Caucus can sense they have been passed up and now fear being left behind, this time by a fellow minority group.
Ervin needs to come to grips that: the Latino community should indeed have increased representation on City Council that gain should come at the expense of a community that had a significant population loss unfortunately, that community happens to be Black. “You can’t make a map that has 18 majority Black wards that comes at the expense of parity for the Latino community and disenfranchises the Latino community,” Ramirez-Rosa said.The Latino Caucus map disenfranchises the Black community, Ervin said.“The law is very clear — you cannot violate one community to go after another,” Ervin said. “That’s clearly what this map… Read more »