-- 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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These “at risk” areas and their residents received hundreds of millions of government dollars in the last 50 years, and nothing has changed. That money was the product of hard working Americans, and it was all vaporized. There’s no tangible evidence of that money being spent in those neighborhoods, and in 100 years those neighborhoods will all look the same as they do now, no matter how much the Democrats spend.
More mumbo jumbo from Mayor Root Cause.
The 41st attempt to do the same thing that never worked before. I’ve got an idea! How about some midnight basketball?
the article offer NO link to CTU/Brandons plan? Has the city issued a published plan? or just feel good news conference?
after some googling around, apparently ‘The People’s Plan for Community Safety’ is just a press release and rough outline with a bunch of platitudes, what a joke as usual.
https://www.chicago.gov/city/en/depts/mayor/press_room/press_releases/2023/december/peoples-plan-for-community-safety.html
https://www.chicago.gov/city/en/sites/public-safety-and-violence-reduction/home/PeoplesPlanforCommunitySafety.html