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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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The Democratic machine successfully transformed from the working man’s party of my grandparents’ generation to the party of the elite and marginalized in this generation. They abohr a stable, cohesive middle class. They hate entrepreneurialism and self employment too because these are inherently libertarian, contrarian, independent minded people who go against their collectivist mindset. We see Soros’s mega wealth and the Kim Foxx’s of the world as a problem and threat to our way of life because they are, they, the “marginalized”, share the same view, thats why they vote for it – to threaten you. All it takes is… Read more »
Keep voting Democrat.
I read once, maybe at Chicago Contrarian, that the Soros prosecutor problem is almost unfixable. Probably because Kim Foxx is wildly popular in black, brown and progressive communities that make up the majority of the population of Cook County. There just aren’t enough regular working class white/asian folks to overcome their majority. As I’ve repeatedly pointed out, Kim Foxx gets vote totals more than 90%, with extremely high voter turnout, in areas with the highest crime. The higher the crime, the more votes she gets. Even Putin and Maduro would blush at the 95%+ margin she receives in Englewood and… Read more »
Don’t leave home without it.
Regarding whether Chicago problems are unfixable, remember that the buck stops in Springfield. Chicago is an instrumentality of the state, and if we had a governor and General Assembly who gave a damn they could override pretty much everything Chicago is doing wrong, by statute.
What does Chicago have to do with Springfield when in reality it is the other way around; Chicago rules Springfield
This is true, drive around IL. It’s collapsed. It’s rust belt former factory towns and farms with rotting barns. Its been this way for 25 years or more with only Chicagoland propping it up and even there the cracks are turning to fissures.
I meant it in terms of where the ultimate legislative power is, even if they are Chicagoans.
Its extremely difficult to fix Springfield too with gerrymandered districts. We’d have to stop Democrats from reliably voting Democrat (not gonna happen). Or, we have to ballot harvest every last R vote in every district while doing our best to discourage Democrats from sending in their ballots. Then, we need to win a majority in the 2030 election so that we can redraw the maps more favorably for Republicans. It’s a Herculean task. And from what I’ve seen so far, the IL GOP is woefully prepared for the task. They’re still electing the same leaders who lost last election. They’ve… Read more »
It’s only going to get worse. The Dems are going to be able to collect the same max contributions from labor and law firms and won’t have to spend it. Eventually, by some miracle, if a legitimate competitor does emerge, they will be buried by the Dem incumbent with a giant war chest.
Put the partisan considerations aside. What we’re witnessing is the mass extinction event of competition. That should scare EVERYONE.
There’s competition but it is only in Democrat primaries. The progressive usually, but not always, wins. Sometimes one progressive defeats an incumbent progressive. It’s an extremely diverse and dynamic place to be. But only if you’re a progressive running in a primary for a legislative seat. For everyone else, there’s virtually no competition at all.
I don’t think Kim Foxx is as wildly popular as you think. Race is the main driver. If Foxx is going to be the only minority female Democrat running, she ain’t goin’ nowhere. The best way to unseat Foxx is going to be a Hispanic female during the primaries with no other candidates. I cannot stress this enough…having 2 candidates running against Foxx in the primaries is a killer. Pick one challenger. In Chicago, it always comes back to race. The AA community has not voted for Hispanic candidates. White guilt leads progressives from voting against Foxx, but a strong… Read more »
Kim Foxx defeats Anita Alvarez in Cook County state’s attorney primary Wednesday, March 16, 2016 Voters pushed for months to throw incumbent Cook County State’s Attorney Anita Alvarez out of office after the Laquan McDonald investigation. They came out in big numbers to push challenger Kim Foxx to victory. Many people are saying the McDonald case was Alvarez’s undoing. The Chicago teen was shot 16 times in October 2014 by a Chicago police officer. The shooting was recorded on dash-cam video. The release of that video in November 2015 sparked massive protests in Chicago that gained national attention. It took… Read more »
Without LaQuan, Alvarez probably still holds that seat (unless she decided to run for ILAG). Make no mistake, Alvarez’s handling (or perception thereof) of the McDonald case is what cost her the election. Foxx was in the right place at the right time.
Foxx is perhaps the worst of Soros’ social-justice sewer rats.