-- 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 correct word is “uninhabitable.”
Looks like it is amateur hour for the reporters at the Atlantic again. Don’t understand why anyone still pays attention to that garbage. Chicago’s population peaked at over 3.6 million in the 1950s – and back then seen as the City of Big Shoulders. Now called ungovernable with roughly 1 million less people? Size of the city was not a concern back in the 50s. What changed other than the introduction of many progressive policies and ton of welfare spending?
Saboteurs from the top down, to the bottom. Money and power seekers riding waves of emotions caused by the drug pipeline, illegal drugs pipeline, recipe for creation of gangs. So it’s no longer “it’s the economy stupid.” New addition is “it’s the crime rate too, stupid.”
It’s the Progressives way:
1. Relentlessly promote and implement policies that violate reality and common sense
2. Label any dissenters as evil, uncaring people.
3. As the situation predictably deteriorates, scream for more and more funding.
4. When the chaos is no longer deniable, whine that nobody can be expected to succeed in such deplorable conditions.
5. Repeat cycle, with more vigor.
It’s not just Progressive politicians. Teacher unions follow the same model. And now they are putting all their energy behind a merger of the two groups.
It’s not Lightweight’s fault, nobody can govern these Democrat cities
RoboCop would be a start