-- Connecting the dots between our economy, government and business --
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/JYUNG3BGDBBD5LZYLUICWNW5NQ.JPG)
"This is one of the most egregious blind spots of our openly anti-capitalist administration: They have to compete for jobs and economic development with the likes of Denver, where such political sensibilities are not in control. And Seattle and Austin and, well, everywhere. That’s the simple reality they have not yet grasped."
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
Yeah, I don’t think this cracks Mayor Raggedy’s top 20 things to worry about list. He just doesn’t give a darn about anything other than root causes that always come back to white people somehow not investing, or giving, money to POC.
There’s an old saying in negotiations that if you’re not at the table, then you’re on the table. Chicago, and most major cities, for generations, have always given business a seat at the table, so to speak. Past leaders recognized that business provides jobs and that business was net good for Chicago and it’s people. But that was the old administration. The new administration doesn’t share the same business friendly viewpoints. He doesn’t care about business, he only cares about BIPOC, and in particular, he really only cares for Black people. In fact, he views business as the ‘white wealth’… Read more »
I don’t believe he sees it that way at all, he is a socialist (baby commie) and business/property is in the wrong hands as far as he sees it, the whole “Black” thing is just a ploy, using that community to get what he and his union friends want which is PROPERTY,
It’s not a ploy. He’s bought into all the ethnonarcissism and has made it a central platform of his campaign. The communism is secondard to the ethnonarcissism, which is really just payback to right past wrongs.
If Obama had a son. Chicago asked for this – enjoy.