-- 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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Chicago Sun Times.
Measure to create Chicago Reparations Commission advances to City Council.
The resolution would establish a “Chicago Citizens of African Descent Reparations Commission” to investigate how one of the most segregated cities in the nation could best make amends for the impact of slavery.
By Maudlyne Ihejirika.
Updated Jun 6, 2020, 11:00am CDT.
https://chicago.suntimes.com/city-hall/2020/6/6/21282299/chicago-reparations-african-american-resolution-city-counci
For 77 communities, Chicago is pretty integrated. It’s difficult, for various reasons, to have equal numbers if Whites, Blacks, LatinX and Asians, in all 77 communities. ?
Difficult? Nah, just forcibly move them using the barrel of a gun!
Yes, and enable independent organizations to keep crime out and order? What like Al Capone did for businesses? Maybe the gangs can do it? Maybe they could bring in the Taliban or ISIS to run security for neighborhoods. Oh wait, maybe politically connected security orgs like Monterrey Security can do it.
Antifa would take the job
When Chicago is destroyed any body you call for help, nobody will be there to come save you.