-- 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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I agree that blue states are not progressive uptopias however these types of articles miss the nuances. Blue states have high income inequalities with lots and lots of poor people. For example, Cook County has Kenilworth one of the wealthiest zip codes in the entire country, but on the otherside of the county, there is Ford Heights, one of the poorest zip codes in an urban area in the country. Both are blue yet there are wildly different outcomes.
If you want to have fun, ask a Dem why Chicago and Crook County are in such bad shape despite being completely controlled by Dems for the last 70 years. Chicago is a fiscal disaster, highly segregated, extremely violent and poorly educated. The typical Dem will stammer and then scream something about Trump.
Illini, I think part of the reason why “systemic racism” has been discovered in the last few years is to try to cover for the obvious failure of their policies. It’s why the 1619 Project has gained so much attention. Can’t blame the leaders now, when our country was actually founded in racism.
When presented with irrefutable facts, Democrats stutter and stammer. Logic has no place as it’s aggravating. The just expect everyone to follow their narrative and group think.
NYT notices that progressive cities are the worst? Has hell frozen over?
Probably falling revenue and subscriptions to the point they may have to actually perform journalism. Nah, who am I kidding – they’ll quadruple down on the bolshevism.