-- 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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But aren’t these the same Hyde Park progressives who supported Biden’s Open Borders policies, who voted for Kamala? Open a 2nd shelter on UoChicago campus!
Sendy should have been named Seedy!
So now the socially progressive Hyde Park neighborhood gets to support a solution for homelessness that they say everyone else should be doing. I hear there will be lots of space in the Obama Center too. Oh the hypocrisy of these people.
Yup, you nailed it!!!, Brando’s base showing their NIMBY colors
also, team Brando’s silent on OC/ South Shore– “community benefits” agreement to protect the very same black folks Obama built his career ” community organizing” from displacement.
The Trib opines that better-off neighborhoods like Hyde park should bear some responsibility for humanitarian crises. Dear Trib: The better-off neighborhoods pay the bills. If property values decline for buildings that are contiguous to the shelter, there will be less money to pay the bills. Location, location, location.
Soto’s absence reflects Six Precent’s mayoral policy: We do what we want, it affects you, we don’t care. End of story.