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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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“As a home rule city, capping the number of migrants we will take at 15,000 or setting an end date after which we will accept no more.”
I wonder how Beale proposes to enforce this, and what he would do when the next bus load shows up.
Beale doesn’t state it outright, but the big difference between what’s happening in NYC vrs Chicago is that NYC has a sanctuary ordinance that includes “right to shelter” provision. Chicago has NO “right to shelter” provision. There are no rules on who or which migrants qualify for “right to shelter”, for how long, etc. Chicago’s sanctuary ordinance is just a modified executive order: Let’s start at the beginning. The city has never had an official “sanctuary city” ordinance. Rather, in 1985, then-Mayor Harold Washington issued an executive order declaring Chicago to be a welcoming city where “the City will not… Read more »
Beale is not wrong. Chicago is not a wealthy city. There are wealthy areas but most city residents are not wealthy, and there are many very poor residents, especially on the south and west sides. The very poor residents vastly outnumber the rich residents. This is why when I say that they don’t care what happens to ‘your’ Chicago. They don’t live in your limousine liberal Chicago. They rarely if ever visit your fancy pants Chicago. They see what the wealthy areas have and they want to destroy it. That’s why they (Preckwinkle etc) laugh when north side residents complain… Read more »
while I don’t agree with a lot of items on Beale proposal, at least he’s proposing A PLAN!!! We need more alderman like Beale & Lopez who are NOT afraid to speak up against the fake-progressive/ CTU/ “new machine” mob
We really need a gigantic no vacancy light.
A.) „We want fed money, but we don’t want to follow fed rules.” Way to sound like a petulant child.
B.). How in the world is Chicago NOT a properous city? Because whether thru incompetence or by design, the Dems who have run this city for the better part of almost a century, have driven it straight into the ground.
And this popularity-contest-winning, room temp IQ, jackhole who couldn’t find his way out of a paper bag with directions, gets to make decisions for other people. Chicago… you deserve everything you votes for.