-- 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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Lori needs the permanent victim class to return to vote for her. She will be ready to give them all kinds of freebies, like free water, back packs, clothes, shoes, winter coats, but most importantly the ability to commit carjackings, robberies, murders, and open drug dealing without recourse.
The murder death count is about to push the up button on the street violence elevator.
Silly stuff. When you run for reelection, hope, vision, and optics are what matter most when the results are less than stellar. Too bad public officials have meetings about this and waste their time and our dollars.
I welcome their return from the suburbs.
Thirty years too late.
Please come back. When you get here make sure you register your car and get plates ($151) then stop at city hall and get your sticker ($91 or $144 for suv). On your way don’t get caught by a red light camera ($100) or speed camera ($35 – $100). If you buy a house get ready for taxes to increase and your value to decrease. Of course your income tax rate will continue to increase to pay for pensions. Any time a person of color gets shot whether justified or not be prepared for “peaceful” protests. One good way to… Read more »
Your last sentence was great!
The problem is, a lot of “mobility counselors” directed them to the suburbs, more specifically the south suburbs. The south suburbs are destroyed and never coming back. I fled there twenty years ago, wish I would have fled Illinois at that time.
Yes but the crime rate in any suburb is 1/10th of the city. I don’t fault anyone for moving to the suburbs for a better life, even if they are lower class working suburbs. I grew up one of those places.
No but you can fault the counselors for directing them there.
Their lifestyle once there destroyed an entire area.
These were not lower working class suburbs either.
From Monee to Flossmoor or even Dolton, they have made what was once desirable now not so desirable.
Unfortunately, Chase, it is difficult to argue with your conclusions regarding the Southland. One thing to note is that property taxes are ridiculously high relative to property value. Bad and inefficient and corrupt government came with the new arrivals. You are right about these communities being desirable in the 70’s. I was from the pillow soft North Shore in Lake County, and the best competition in my sport was in the Southland. I went there often. I keep up with my former competitors today, and they all went to and graduated from college, and lead exemplary lives all over the… Read more »
Funny, the local, Inauguration Day version of MSNBC’s “Morning Joe” didnt include any Republicans. Nationally we are 48% of the last presidential election vote. Are our hopes and dreams for the incoming Biden administration unimportant?
Lightfoot only wants black people to return to Chicago? How massively racist. Is this paid by my tax dollars?
Oh, kind of a Great Reset. And notice how much of it is based on government money. Good luck with this.
I suspect that as with Obama, if you have the ‘right connections’ you will have nearly unlimited access to taxpayer ‘grants’ (Remember Solyndra?) This could be crony capitalism on steroids. I suspect any large grants will be awarded to those who are major contributors to the DNC. The ‘virtuous circle’ for Democrats.
She needs to invite whites who fled back to Chicago. They’re the ones who pay the taxes and don’t burden social services. Probably realizes that they’re too smart to return.
They left for a reason. Fix the crime, lower the taxes, replace the CPS system and perhaps then they will consider returning….but I wouldn’t count on it.
With all the violence and taxes? Is this a joke?
Chicago is has one foot in the grave due to liberal policies!
What a laugh omg thanks Larry I needed a good one
Could she possibly be this stupid?
Answer: Yes
Lori is like the slave master telling her slaves to pack up their stuff, and move back to the plantation (aka home), because Master says it’s time to move.
And racist too. She only wants Black residents to move back. What about asking ALL residents (and their descendants) who’ve fled Chicago since it’s peak population in 1950. Those neighborhoods were populated by all sorts of immigrants over the years before they became urban blight.
Lori has no shame. Racist Lori. Lori IS the definition of SYSTEMIC Racism.
Agreed .. Back of the Yards, Gage Park, Marquette Park.
Guess my ancestors do not matter.
Mayor for whom Larry?
Definitely not all.
C U Next Tuesday!
Dying city Larry, won’t help.