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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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Might be worse for NYC. At least Chicago has some level headed city council members that want to rein in some spending and borrowing. Seems like every elected official in NYC is a full blown woke socialist. So let them see what they can do. Continued exodus from NY.
Mark you’re old buddy Klonsky is all in on this guy Mamdani being he lives in Brooklyn now but my question for you is why do some Jewish people support people and groups that would happily slit their throats not being Jewish I truly don’t understand it and that problem isn’t only with Jewish folks thinking
Great question, but have no idea why. Same with many gays.
I’ll tell you why Mike, because they’re not Jewish, they are Leftists of Jewish Heritage.
I pretty much agree, although there is a difference. Johnson is specifically a puppet of the CTU, which is one especially obnoxious and pernicious brand of socialism.
Neither of these equity grifter con artist have spent a day in their lives in private sector concerned about the value of $. Both claim to be fighting the system but have spent their entire careers in the system. With are Brando set to profit VERY handsomely$$$, all while claiming to be “first working class mayor”, who’s not part of machine but is fighting the “white machine”. What a crock…..who are the pathetic dopes that still sip this kool-aid is the big question for me?
“[W]ho are the pathetic dopes that still sip this kool-aid….”
As it turns out, blacks (88%) and Hispanics (46%), with a head-scratching 34% of whites included.
https://greatcities.uic.edu/2023/09/06/new-great-cities-institute-report-chicagos-2023-mayoral-race-a-progressive-victory-amidst-shocking-low-turnout-by-black-and-latino-voters/#:~:text=It%20further%20estimates%20that%2054.4,see%20the%20full%20report%20below.
those are % on a “shockingly low turnout,” so they are flawed. The lack of turnout is, in part, the apathy of the citizenry that doesn’t like any of the candidates and is losing faith in the system.
Turnout was NOT “shockingly low” by modern standards, i.e. the last 30 years.
In fact, turnout in the 2023 mayoral election was the 5th highest turnout for the last 8 elections going back to 1995, i.e. 27 years! Moreover, the 2023 turnout was higher than average and within 3.58% of the 1995 high of 42.25%.
Year: Turnout
2023: 38.67% (Final Round)
2019: 32.89% (Final Round)
2015: 40.98% (Final Round)
2011: 41.99%
2007: 32.44%
2003: 32.26%
1999: 41.9%
1995: 42.25%
Average Turnout: 37.92%
So not “flawed”, but, rather, normal.