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.
$400,000/dwelling unit, 12,000 new dwelling units, do the math – not financially feasible under any new tax/fee scenario regardless how generous BJ administration wants to be.
New construction “affordable housing” is hardly “affordable”, its development costs comparable to market-rate new residential construction.
The currently-counted 12,000 “recently arrived migrants” shouldn’t have ANY higher cost-priority than the 2,700,000 Chicagoans who arrived before them, which includes estimated 183,000 “undocumented” immigrants who arrived before 2023 mass migration. (Illinois Coalition for Immigrant and Refuge Rights statistic)
Fake News Fraud Shit-Rag Chicago Magazine Asks What Caused Chicago’s Sanctuary City Shit Show — And Doesn’t Even Mention Biden’s Open Border Disaster
The alderman notes that many of the migrants are coming from Venezuela.
He then says that Venezuela is a failed state because of the fossil fuel industry?
What sort of nonsense is this? How does this magazine print such foolishness?
Venezuela was a prosperous and wonderful place before the communists took over.
Chaves and Maduro destroyed Venezuela.
Now their comrades have moved over to Columbia, a country that was becoming wonderful and prosperous. There will soon be poverty, mayhem and disorder all over Columbia…
In the late 50’s Venezuela was the third richest nation in the Western Hemisphere on a per – capita income basis – US was #1, Canada #2, then Venezuela… Look at street scenes from that time, the roads full of new American cars, nicely dressed people, a general air of well – being and prosperity. During the prosperous oil boom of the 70’s Air France flew the supersonic Concorde to Caracas twice per week… OH, and guess which nation was the fourth – richest in the Hemisphere in the 50’s – it was Cuba, which at the time had a… Read more »
If an alderman has two last names you can pretty much guarantee that they don’t know what they’re talking about.