-- 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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Deerfield was once a strong, family-oriented community that aspired to excellence. It is a shame that the community transitioned to a place to be avoided by mainstream families. One can thank the school board, administrators, teachers union and most teachers there.
The NYT’s 2020 election map is free now while the 2024 is still behind a paywall. Search up Deerfield, IL on the map. It’s the darkest blue color on the map indicating that Deerfield votes at least D+60. These people are getting exactly what they want. The reality is that much of our upper-middle class has become extremely secular, and has chosen the Globalist Homogeneous belief system as their new religion. The best analogy I can come up with – because it’s historically relating to the Democrats – is that nothing was going to change the South before the civil… Read more »
Nice rant, ruined by a typo: “Deerfield needs to be razed to the ground “
I went to that middle school. My brother and I were one of the rare poor people in town but then adopted the town’s values. We studied hard and did well in very good colleges. No parents in our lives but we had scholarships and Deerfield’s work ethic. We also happened to be state and national champions in our sport. This wasn’t due to talent but rather due to a work ethic and discipline which reflected the town’s values in the 70’s. A national publication deemed us the best team ever. My brother and I were invited to the high… Read more »
Thanks for sharing that.
The down voter should share their views, My brother – a PhD in Econometrics and a giant in institutional finance -!just passed away. On his own since age 18. A down vote really is a vote against excellence. One of the best student athletes Illinois has ever produced. I take solace in that the down voter could not last three minutes intellectually with him. He knew Illinois economics and spoke bluntly about it’s plight in speeches in Chicago. He could read a financial statement in minutes and reduce any mischief to threads in minutes. By the way, it wasn’t just… Read more »
Very sorry about your brother. Chicago Heights was a tough place. Lots of the Bloom guys carried knives then, as us from Marian learned to watch out for.