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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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Trib still doesn’t realize that neither Mayor BJ nor his administration reads its paper, much less its editorials. Go woke, go broke.
Debstor’s post is entirely correct. Mayor BJ thinks he’s meeting his goals.
Target is closing some store due to theft. It never ends. It will happen in Chicago.
https://www.yahoo.com/news/target-closes-nine-stores-due-134925795.html
Mayor Johnson is an enabler. He downplays the harm caused by thieves, carjackers, and murderers. He uses the “blame trauma” narrative–we are supposed to feel pity for a criminal who points a gun at a pregnant woman or for mobs who loot and destroy. Meanwhile, there are no consequences for serious offenses–criminals don’t have to be held accountable for their lawlessness. As one reporter put it, Johnson is already failing as mayor and does not even pretend to care about the crime in Chicago. Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the… Read more »
Mayor Johnson is not failing. He’s not enabling crime. He’s succeeding beyond his voters’ wildest imaginations. He’s ending mass incarceration of black folk, he’s reducing penalties in a criminal justice system that disproportionately punishes black people, and he’s told the police to just let black folk live their lives, without the fear of being shot, killed, arrested or framed by corrupt racist police. He doesn’t care what Vallas voters think about crime. And if crime is up, well, that’s just the price his voters are willing to pay to revolutionize policing and the criminal justice system. And if you, Vallas… Read more »