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The new mayor’s allies lay out their agenda: ‘First We Get the Money.’ The mayor’s pals say a “city budget is a moral document.” Readers can decide what kind of morality lets criminal gangs run wild while shrinking the police force and chasing taxpayers out of the city.
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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The plan is working very well.
Nihilistic “socialist-progressive economic policies will ruin Chicago economy, battered as it already is post-Covid and BLM riots, post-Daley parking meter deal and pension fund chicanery.
Rahm was wise to scoot to Japan for near-term.
Old Joe says it’s easier to burn your house down than find a chump to buy it!
Not true! Insurance Companies will
reimburse at actual cash value not replacement cost if you don’t rebuild. All the vacant and abandoned homes throughout Chicago/ Cook County all had insurance just not enough. Actual cash value is based on the state currently of the property, a charred gutted home is currently worthless.
Chicago is a dying city.
As is most of the rest of the US, a dying former Empire, near its ebb
Chicago is a Canary in Coal Mine for the rest of the nation
American is a dying country,
Johnson administration doesn’t read WSJ. Article is preaching to the choir, but in the wrong church,
We all lament Chicago’s self-destruction but this ignores that Chicago’s implosion started long ago, and BJ is merely the next step in its inevitable progression. Chicago is a city of enormous inequality, where highers (used to) work in the fancy skyscrapers and live on the fancy north side while the majority of the city’s residents live on the blighted south and west sides. It was inevitable that a Hugo Chavez style mayor would win the popular vote and try to redistribute the wealth. The majority of voters don’t see themselves as part of the northside’s Chicago. They want to take,… Read more »
The prob really began when Chicago and the second Daley gentrified the near south west and south, torn down the projects, and sent the former projects residents with vouchers to single family homes in the neighborhoods and south suburbs
Vote with your feet and sell your house in Sheeetcago before the value falls even more.
Give the new socialist mayor BJ da middle finger as you leave Taxistan!!
Only prob is the entire country is falling apart…lol
haha
Weather Report for the Chitty and State. Nothing but Doom and Gloom for years to come.
Let’s all stand around while morons ruin the city and You pay for it!
But what would we talk about on Wirepoints if Chicago was doing well?
Wirepoints would have to shut down, as the entire draw of WPs is documenting and gloating about Chicago falling apart
Best thing Wirepoints has going for it is Chicago’s issues, worst thing is it doing well again