-- 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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No binding referendums, petitions and rallies are not where its at. The real action is on election day and the voters chose sanctuary city backing candidates. Be happy Chicago because you got exactly what you asked for.
Beale and Lopez may be compelled to change parties soon, as many Hispanics and Blacks are realizing, because current progressive leadership in federal, state, and local Democratic Parties INSIST that their specific liberal policies and woke agenda are the ONLY permissible actions, and any contrary opinions must be stomped-out via cancel culture, shaming, and social media censorship..
IDK, I kinda think they’ll tune out of politics before they ever vote Republican. Conservative positions are pretty clear and most of these people don’t share any of them except disdain towards progressives and illegal immigration. Will that be enough to overcome conservative positions on abortion, big government, social welfare, and reparations? Doubtful. All these people look at what you’ve got, and they want it too. And they’ll vote to take it away from you.