-- 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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I said this during the Rahm Emanual era. The Democrat Party has spent a half a century building an army of grievance mongers with unsatiable appetites. Some sort of divorce/separation is the only answer for freedom loving patriots.
Uh NO. GOP Mayor of Miami Francis X. Suarez is doing an awesome job — Miami’s murder crime is lower than it’s been for nearly a century.
https://www.youtube.com/watch?v=iq0RPu13yV8
Right. Many cities have far lower crime and homicide rates than Chicago. NY is far better than Chicago. There is huge variance among big cities in homicide rates as my colleagues recently reported. https://wirepoints.org/chicago-new-orleans-were-the-nations-murder-capitals-in-2022-a-wirepoints-survey-of-americas-75-largest-cities/
It was the public sector workers who did not like her. They vote much more than the normal hard working honest people.