-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
“The other case investigated a 2018 complaint that alleged City Council members were using “aldermanic prerogative,” basically a veto power, to keep affordable housing from being built in some white communities.”
However when aldermanic power was used to prevent “gentrification”, i.e. whites moving in, in predominantly Hispanic Logan Square, that WASN’T discriminatory?
https://blockclubchicago.org/2024/09/18/anti-gentrification-ordinance-to-protect-northwest-side-housing-okd-by-city-council/
The IL Marxists picked a fight with Trump and he will now dismiss any of their concerns or requests for more money. Right or wrong as his reactions maybe, it’s time his demonizers wake up to the fact that he learned his lesson about letting people such as Hillary Clinton off the hook for flagrant law breaking the last time around.
When white people lived there, no one said a word