-- 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
Ald Ramirez is a race hustling virtue signaling fraud
Ald. Carlos Ramirez Rosa (35th) said opposition to the [Lake Shore Drive] name change, including from inside the City Council, showed there was work to do to combat “white supremacy.”
https://blockclubchicago.org/2021/06/25/lake-shore-drive-is-now-jean-baptiste-point-dusable-lake-shore-drive-council-votes/
Here is an easy job for Illinois legislators, Drop the Illinois logo, “Land of Lincoln”
Change to,
“Illinois, land of opportunity for the Criminal”
Voters get what they ask for, an idiot for an alderman. Don’t want the cops? OK, watch your ward swirl down the drain. The police are pretty much hand tied by the democrats who are in power but still barely keep the lid on a boiling pot.
Half these alderman are on the take from the gangs themselves. Like with that article from Kass about Chuy keeping his son out of a gang. Chuy’s son belonging to a gang is as common as a Willmette resident’s son being a doctor or lawyer. You and I may know plenty of people with legal and medical degrees but know not a single person in a gang. People like Chuy, and Carlos here, they don’t know any doctors or lawyers, but they sure know plenty of gang bangers.