-- 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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Actually Ms Mayor, a crackdown on crime would be most welcome. It’s overdue!
Mayor is correct. Humans with the perception that they are:
will behave predictably, in violent (economic or physical) ‘insurgency’.
Mayor fails to acknowledge that she has painted most of the population comprising the taxpaying, law-abiding economic infrastructure of Chicago economy into that perceived corner.
You can easily arrest your way out of this. You only need try. Build more prisons, keep the at capacity. Ignoring the problem won’t reduce killings. The reason there’s so much street justice? There’s no justice from the courts,KimTim n Toni. This problem stems from the county courts lack of any reasonable prosecution of killers. I suspect this has been orchestrated by Toni to sink Lori.
Of course we can’t arrest our way out of this mess, the police have been neutered and criminals run the city and state..
Obviously, if arresting our way out of this won’t work, here’s what will work:
-Climate Jobs
-Midnight Basketball
-Stronger Teachers Unions
-Elected School Board
-Social Justice
-Much, much Higher Taxes
-Making all guns/knives/sticks/tree branches illegal weapons, but of course, you won’t be arrested if you get caught with one, just a stern talking to by a social worker
-Defunding the police
-Renaming all city property presently named after a white person, including LSD
the list goes on and on.
Try Stop & Frisk. It worked in New York.
I strongly disagree with that policy. You are giving up rights and giving authority more power for a little extra security. And you are assuming that power would never be abused against you in the future.
Instead, what you will see is liberal/progressive leaders push out low income people to the suburbs. Its already started in Chicago.
Moving to the suburbs is happening in my small liberal downstate town. This has been tried before back in the day in towns like Belleville that now, in many areas, looks similar to neighboring East St. Louis. Low income housing projects labeled “affordable housing” have been shown, since the days of Pruitt-Igoe in St. Louis built in the 1950’s not to work yet, as always, liberals cheer the buildings placed in other peoples neighborhoods.
That policy doesn’t sit good with me, I’m too much of a libertarian / conservative to let police randomly search me or my kids. Police need react to crime with arrests, prosecutors need to win cases, and sentencing needs to be mandatory.
Lightfoot- Let the Police do their jobs!
Did you see the DC Police Chief- Lock them up and crime will reduce!
Yes. Yes you can arrest your way out. Or at least form a strong path. Using the phrase investing in communities means nothing anymore.
Sounds like an appeal for the rest of the country to rescue Chicago. Surely Chicago has a lot of innocents whose lives grow more miserable as the city declines. It took Detroit over 50 years to reach its present nadir. The plight of those “innocent” residents resembles that of those who live in Mexico, Central America, Haiti and elsewhere. Many of these places have been mis-governed for decades. The inhabitants either voted in or acquiesced in the politicians who’ve put them in their current straits. It’s a very perplexing question whether those of us who somehow sidestepped the effects of… Read more »
Nor can you spend your way out. Even if you call it investment.