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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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There is nothing in American politics more instructional these days than watching Raggedy Brandon flounder in office. Observing the mayor of a one-party city in a one-party state push past big-spending aldermen into the outer limits of Progressivism is a healthy tonic for all of us elsewhere. Show us the way, Mayor Johnson!
It’s hard for me to understand that Chicagoans actually voted for this thing. It is beyond my ability to put into words what Chicagoans feel, believe and look for in their leaders. Is it stupidity, brain damage, slave mentality, lack of self respect or are Chicagoans just not capable of human level thought. Are Chicagoans a lower life form? The thought processes or lack thereof is unfathomable for a human. Is this what slavery does to you? Do you look at what is going on and just shrug. Massa gonna do what Massa gonna do? I am lost as to… Read more »
In the end, Johnson was voted in by 22 percent of registered voters.
That means 78% saw no purpose in voting. While 22% elected him, the other 78% is complicit. Face it. You have a city occupied by absolute slaves who are for the most part useless mouth breathers who only care about the bars and the Bears.
Govt by hoodrats.
Let’s not forget the people voted for Johnson and it would not surprise me that he would get reelected especially if he ran against a white opponent.
“Mr. Johnson and Ms. Davis Gates want a blowout contract that funds the union political machine that funds the mayor.”
That sums it up.
JB – Declare state of emergency (he will anyhow, he’s got an excuse with bird flu, like CA) and force Chicago into Bankruptcy and get it over with already!