-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
At least until last November, many conservatives were afraid to speak about their affiliations lest they be called MAGA, facists, Nazis etc. Since then it seems that the pendulum has swung the other direction, as many liberals wake up to what a scam the last four years was and they were chumps.
As long term low turn out shows, Chicago voters are apathetic, don’t vote, resulting in the tiny motivated minorities having outsized influence. The density of idiots on the city council reflects this, and of course Johnson. Unless people pay attention and vote, that’s how it’s been, how it is, how it will be.
This is by design. Elections are typically decided in a democrat primary in which almost nobody bothers to vote. They don’t want the masses voting, just the people they can bus to the booth or the army of union parasites that can take a few hours off work. My polling place was in the rec room of a public housing building and I’d walk the dogs by it every day and see virtually nobody on any day of the year. But on election day the parking lot, sidewalk and lobby were absolutely packed with people I’d never seen in the… Read more »
This is like insisting that a man is a woman if he identifies as a woman. Leftists think they are moderate, because who wouldn’t agree that their ideas are obviously correct?
A political ‘moderate’ in Cook County is like a ‘moderate’ drinker who pounds 70+ drinks a week. There are no more ‘moderates’ in the Democrat Party. Those very few who try to veer to the center are vilified. Remember a few years back, the good Rabbi Rabbi Yehiel Kalishfrom Skokie who voted ‘present’ on the far-reaching abortion up until birth abortion bill? Yeah, he in good conscience – as a religious Rabbi – voted present rather than yea for a bill that was already assured to pass. He was vilified for the vote and primaried out of office the very… Read more »
They’re just brainwashed and stupid; see Yuri Bezmenov.