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.
No big deal as the new mayor will be a democrat. I’m betting on it!
The coming commercial real estate collapse in Chicago is going to be the don’t-miss-show.
Just go back to the old saying ” throw the bums out”
The danger of billionaire societal terrorists — Social Justice Sewer Rat Soros (who bankrolled Kim Foxx) — and Inherited Wealth, Offshore Tax Evasion Trust Fund Beneficiary Pritzker
“Even the gentry liberals living along the lakefront may realize that they cannot afford to indulge their utopian impulses any longer.”
THEY WILL NEVER REALIZE ANYTHING
They are not indulging utopian impulses. They are indulging their hubris and lust for power. They are too arrogant to realize that they are just the useful idiots.
The problem with Vallas’ “no new taxes” pledge is that the number of Chicago voters who might feel victimized by more-n-higher taxes are far outnumbered by those who believe that higher taxes are just fine because they think they won’t have to pay them.
I think Vallas’ bigger problem is that in the era of identity voting he simply cannot command enough votes in identity riven communities.
Excellent article! Maybe more of the Chicago business and educational and societal elite will start to get active about reversing the nose dive of Illinois and Chicago.