Everything in Chicago is about crime…we’ve stopped arresting, we’ve stopped prosecuting and we’ve stopped sentencing. – Wirepoints on NewsMax

Ted joined Newsmax to discuss the state of the Chicago mayoral election. Ted said the race was almost sure to go to a runoff but that the real issue was whether Chicagoans would turn out to show their dissatisfaction over the city leaderships’ failure to control crime.

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Old Joe
3 years ago

What hasn’t stopped is repeat offenders. It baffles me when I read some criminals rap sheets. Sometimes they’ve been at it for decades and Lil Kim keeps letting them out to rack up more victims.

Don’t leave home without it.

Poor Taxpayer
3 years ago

The whole system is broken. The doom and gloom is not saying enough for what the future holds. The Ponzi Pension Time Bomb is exploding and there will be ZERO money for anything but HUGE OVERLY GENEROUS PENSIONS. The luxury homes in Punta Gorda, Fl are going fast.

Admin
3 years ago
Reply to  Poor Taxpayer

Poor Taxpayer, you are getting pretty repetitive with blanket statements that don’t add much. Expressing your sentiment alone is sometimes fine, but can you try to add some new fact or perspective to make the comments more useful?

Pensions Paid First
3 years ago
Reply to  Mark Glennon

From Chat GPT – The strain of legacy pension costs on Chicago “The legacy pension costs are putting a significant strain on the city of Chicago’s finances. The cost of providing pensions to retired public workers is a massive expense that the city must pay every year. The pension obligations are guaranteed by the Illinois Constitution, which means that the city cannot simply walk away from its obligations. This has created a financial burden that the city has struggled to manage.The pension costs have been rising steadily over the years, and they now consume a significant portion of the city’s… Read more »

Last edited 3 years ago by Pensions Paid First
Poor Taxpayer
3 years ago

Everything you posted also pertains to the Sorry State of Illinois.

Last edited 3 years ago by Poor Taxpayer
Admin
3 years ago

Let’s hope it does not replace all of us. It essentially amounts to outsourcing one’s thinking. Great potential for it but it is potentially extremely dangerous.

debtsor
3 years ago

This must have been ChatGPT’s jailbroken alter-ego DAN (Do Anything Now) because the woke ChatGPT could never admit that government pensions are anything but a net benefit to the state’s finances and progressive values.

Bill also
3 years ago

I think in the end the city and the once great state of Illinois will just hand over dilapidated vacant property to the pensioners. Because that’s all there will be left.

Riverbender
3 years ago

You are fully correct. What gets to me though is things like Ken Griffin leaving. The taxes he took with him are considerable and yet nothing was done to try and keep him and his company here beyond some of the usual negative comments that seem to erupt from the Pritzker camp. Why? The money is needed and where is it going to come from? Oh I know at the end of the day the Illinois/Chicago property owners are going to pay and, realistically by not voting against Pritzker they have dug their own holes. I am always amazed at… Read more »

Poor Taxpayer
3 years ago
Reply to  Mark Glennon

I will try and work on saying something new.

Willowglen
3 years ago
Reply to  Poor Taxpayer

Poor Taxpayer – with all due respect to your views, there is a very good argument to be made that increasing violent crime is of higher priority than pensions. Not that pensions aren’t important, but crime has a stultifying impact on economic growth and mobility. This is not to suggest that Chicago and Illinois’ problems are in any way monocausal. But other subjects are in need of intense mention.

Poor Taxpayer
3 years ago
Reply to  Willowglen

Crime control is more important than overly generous pensions, but the Illinois Supreme court begs to differ with this. PPF has explained that overly generous pensions are a contract that must be paid by the taxpayer. So, taxes must go up, as you raise taxes more people flee. So where is this going to all end up?? Ken Griffen took Billions of tax revenue when he left. When I leave, I may take only $300,000 it total over my lifetime, but hundreds of thousands of people add up big time. When young people never come back the loss of that… Read more »

Poor Taxpayer
3 years ago
Reply to  Poor Taxpayer

But I’m still a giant windbag, A-Hole, pain in the butt, liar ( I pay 20K – 30K a year in Illinois state taxes) and an angry douchbag.

SadStateofAffairs
3 years ago
Reply to  Poor Taxpayer

Never quite understood why folks like you think that 20-30K a year in taxes tolerate this type of financial malfeasance and just plain abuse. I have a real personal problem with someone stealing my hard earned money. I need everything I can muster to supply my family with what they need. I guess my new home in Texas and what they say here is probably relevant, you can’t fix stupid. I would be a very angry douchebag if I had to pay those tax bills. It sounds like Brandon Johnson is what you need. Him and Fritz Kaegi will be… Read more »

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WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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