-- 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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JB is right, carjackings,shootings,robbery,assault,all on the rise,as are taxes,food cost and utilities
Bailey’s Crime Ads Against Pritzker Should Be All About Chicago’s Rioters/Looters/Arsonists, And How Pritzker Will Spread That Mess To The Rest Of Illinois With His Get Out Of Jail Free Plans
I believe everything Lori says! After all, she’s got The Big Plan!
According to Lori own words she’s got the Biggest (Plan?) in town.
We’ll never know the *true* cost google is *paying* the state for that Albatros…
They will trot out some ridiculous dollar amount IL allegedly received…
All the while Emperor Nero/JBP dances along with Nero lite LL as Chicago burns…
JBP/LL – “Who you bums gonna believe? Me or your lying eyes…?!”
Chicago is a financial and governance God awful mess, Bailey may be a good man but he’s a political idiot, and the Chicago Tribune is a failing advertising billboard company camouflaged as a “newspaper.”
Humans are hardwired with a strong survival instinct. We’re funny that way. Until safety of law abiding citizens is made a priority, Chicago will continue to decline. And make no mistake, Chicago is in significant decline right now.
How can this possibly be put up as a serious question? No wonder Chicago voters are clueless.
Born and raised by Chicago Democrats my parents and extended family didn’t give a tick about who was running or why … they simply voted the straight Democrat ticket.
As an adult I questioned their politics and was told: “Democrats are for the working people and we are working people.”
Unfortunately, there’s still a lot of that mentality in the city in spite of the Democrats abandoning their ‘working people’ base.
All do respect, the ‘working people’ claim has shifted to an entitlement mentality – who is more likely to give me ‘free stuff’. Every time I go to Chicago (two of my kids are there, for now) I see more and more able bodied young ‘men’ in the grocery store with the food stamp card.
Chicago is awash is takers; the makers are headed for the border.