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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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CHI-EXIT UPDATE: SAYING THE QUIET PART LOUD: Michael Fassnacht, CEO Of World Business Chicago, Argues That Chicago Should Host The 2024 Democratic Convention, Because: CHICAGO IS CLEARLY THE BEST PLACE TO HIGHLIGHT WHERE THE DEMOCRATIC PARTY AND THE NATION ARE GOING – WBBM AM 780 News Radio Chicago — God Help America If It Is Going In The Same Direction As Chicago, Which Leads The US In Crime, Corruption, High Taxes, Hostile Business Climate, Bad Schools, And Accelerating Population Loss
How much do residents who live outside Illinois and who watch mainstream media really know or understand about the Chicago situation? Do they know enough to be skeptical of an advertising campaign? Can they envision the demonstrations and disruptions that such a convention would invite? On the other hand, who wants to bankroll a truth squad to discourage holding such a major event in Chicago? What better way to give AOC and Bernie louder voices at the convention?
You would be stunned to know how many of my neighbors in North Carolina know exactly what is going on in Chicago, and the reasons why it is happening. I live in a semi-rural area, and when I mention I moved to NC from Illinois, the locals congratulate me on leaving and want to hear the stories I have. They know all about Lightfoot and the insane events happening in the city. I think watching the news about Chicago when you don’t live there is just like people going to circus freak shows in the past, there’s just a human… Read more »
Democratic Convention in Chicago would be the perfect way to showcase the Democrat platform for voters. Democrat policies played out in real life!
They’d all be in a green zone type of bubble completely shielded and unaware of the violence on the street, like a Potemkin village or something.
Free Valet Service
Lol ! comment of the week
No one wants to come to Chicago, even the elite Leftist Democrats prefer to stay away.
Every attendee should get a Thug Life T-shirt to fit in with the local culture.
Bring it on. Hopefully it goes as well as the 68 convention. By 2024 Biden will be wearing Depends 24/7. He can’t string two words together without getting a brain cramp.
Chicago Wants The 2024 Democrat Convention — Even Though Chicago Downtown Crime Is Exploding — Even More Absurd, The Video Promoting Chicago As A Convention Site Is A Three Minute Video Valentine To Black Lives Matter — The Group That Rioted, Looted, And Burned Chicago In 2020 – TWICE — Chicago’s Latest Moronic Tourist Promotion — Canned City Water – Chicago Sun-Times