-- 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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The level of stupidity by those opposed to this ordinance is unfathomable. “We never bring up single-parent households or we never bring up the parents after Lollapalooza,” said Ald. Angela Clay (48th). “We never talk about ‘Who raised you?’ and ‘Why don’t you have decorum?’ after Pride Fest” Well, dummy, those are organized events with security. The teens causing the problems are last minute mobs with no other objective than to cause problems. “We never talk about people’s upbringing, only when it contains young Black and brown people.” The curfew is for those 17 and younger. There is no language… Read more »
Think about it. If your an Alderman in a ward with these unholy terrors, wouldn’t you want them to go downtown and cause trouble than in your own ward ?
Bullseye! The non- demonized “ little Capones “, having exhausted their prospects for causing trouble in the community by chasing all the businesses and festivals out, have now been given the green light by Homie to spread their “ essence “ downtown, to the beaches and the suburbs.