-- 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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Closest I can find is Article 25 in the Universal Declaration of Human Rights. “(1) Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.” Whether this is “law” in Illinois would require some research. Nothing here or anywhere else in that Declaration about water (running or otherwise) or other free stuff. The… Read more »
And meanwhile, blue states policies like these drive out the middle class so all that remains are the really rich and the poor.
“Lightfoot said this program is a continuation of her larger fines and fees overhaul to stop penalizing people because they can’t afford to keep up with their city bills.” This won’t backfire at all. The city won’t shut off your water – even if you refuse to pay. This will be amazing. Think about it for a second – in some areas in Chicago, you can live without paying your water bill, you can live without paying real estate taxes (no one will buy the back taxes), you can live without buying city stickers, and you can even shoot or… Read more »
And Kim Fox is not prosecuting shoplifting under $1,000. So you can steal your food each day, and pick up a nice pair of Jordan Eclipse gym shoes on Michigan Ave to boot. Just go to different stores if you want more free stuff, as it is effectively $1,000 per store. Only the chumps in the city pay for anything. It is paradise.
are you serious? they aren’t prosecuting shoplifters now?