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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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Lake Shore Drive is an iconic name and a tourism draw in a city that has become undesirable to an increasing number of tourists and residents. Ever seen a confused visitor looking for the former Congress Parkway (renamed Ida B Wells Parkway)? When it is dark and there have been reports of car jackings, mugging, and murders? Or a visitor looking for a real street sign among the jungle of honorary street signs? While the visitor is re-routed due to protestors? Oh the street has two names: a real name and an honarary name. The renames are more a source… Read more »
This is what third world dictators and socialist regimes do though, rename everything for a politician, figure or party leader. At this point Chicagoans get what they deserve. The industrious Yankees and European immigrants that built this place are long gone and sadly so is their spirit. DuSable should get something major, like a park at the front door of the city, but lets stop with the political social justice pandering already. The guy lived here for a few years trading pelts and moved on. It’s not like he envisioned building a major industrial center or anything.
In short, yes. Also the former Lake Shore Drive should be turned into a homeless shelter / BLM meeting space / open air drug market.
How about just change the name of Chicago to DuSable because its never going to be enough!
And spend 100’s of thousands of dollars to remove, replace thousands of signs and various indicators on other roads and interstates, postal revisions, GPS revisions, maps, tourism guides, and assorted other changes to satisfy the never ending demands of said minorities. There it is no end to demanding, demanding, and demanding.
I too immediately thought of the song. Why not rename State St instead?