-- 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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Here’s an article about Ken Griffin and Chicago.
https://www.yahoo.com/news/ken-griffins-move-florida-means-174154664.html
Benjamin Franklin, letter to Messrs. The Abbes Chalut and Amaud, April 17, 1787 “…only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of Masters.” another form Franklin, “People willing to trade their freedom for security will receive neither.” John Adams, “Our Constitution was made only for a MORAL and RELIGIOUS people. (laws of nature and of natures God [ten commandments]) It is wholly inadequate to the government of any other.” Another from Adams, “Remember, democracy never last long. It soon wastes, exhausts and MURDERS ITSELF. There never was a democracy yet… Read more »
Yes and illegal immigration is a symptom of this.
Frank Lloyd Wright… Hemingway… Not technically Chicago, but influenced by the magnet that was the City. While a great piece at reminding us of the people who the city birthed (metaphor modern peeps, just a metaphor), it fails to dig one level deeper. Underlying the success of these people was a drive to succeed. To take ownership of their lives and drive to be the best. To not look to others for handouts and manna from heaven, but simply the freedom to BE ABLE TO PURSUE THEIR GOALS AND DREAMS. Their risk was failure, their reward unlimited. They weren’t battered… Read more »
https://voorheescenter.wordpress.com/2018/06/06/who-can-live-in-chicago-part-i/
Wow, those income graphics are shocking… very few “middle class” areas left since 1970, most have devolved into poverty, with some wealthier areas on the periphery (North Side)… the present – day area of the city is *overwhelmingly* a deep shade of red (poverty)…
It’s a marvel how politicians who were voted into office have spun gold into dross.
You can give some people a pile of bricks and they will create a beautiful house. You can give Dems a beautiful house and they will make it into a pile of bricks.
They have spun Gold into their own pockets. That’s what they do.
Yep, gold for them, dross for us.
Chicago has been declining since just after WWII. By 1950 it was already being left behind. Chicago will, by virtue of location always be an important regional city but it’s importance in international arenas has long past.
Like the mafia, Machine politicians disincentivize work and investment and reward crime, grift and idleness. Just look at all of residents and businesses fleeing the region and all of Chicago’s “public servants” in jail or under indictment. Chicago, “ye reap what ye sow”. Good luck to you; you’ll need it.
The article speaks of a time when work ethic and personal accountability were recognized and rewarded. People aspired to be achievers. Liberals determined that everybody should get a trophy and personal accountability went out the window. How else do you end up with idiots like Brando in charge.
Brandon is the inevitable result of 60 years of Chicago’s decline that started in the late 1960’s and has been on a downward trajectory since. There are very few middle class neighborhoods left in Chicago. This was documented nearly a decade ago by NPR. The city is a morass of high-end dense areas near the lake and quasi-suburbs on the northwest side, and, blight throughout the rest of the city. Urban planners try to point to the hispanic revitalization of working class neighborhoods but they are still shells of what they once were, and the ancestors of the immigrants who… Read more »
Or Biden and Harris