-- Connecting the dots between our economy, government and business --
See our own column linked here on this radicalism.
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; the city that works!
So when does the basic work requirement kick in?
With the Unipart firmly in control in D.C., it is probably a good bet to do this because the Chitty will be bailed out by good ole Uncle Sap.
What is never mentioned is the value of all the “Free” entitlements such as housing/food stamps/child care/health care/transportation/schooling/etc. Here is an article from the Heritage Foundation. Only cash (or lack of) is ever mentioned as the driving force of poverty. If everything you need is paid for why does someone need cash?
https://www.heritage.org/welfare/report/largest-welfare-increase-us-history-will-boost-government-support-76400-poor-family
And why are they not taxed on the value of all those give aways?
We’ve now posted our own column on this here: https://wirepoints.org/johnson-preckwinkle-and-potter-new-displays-of-radicalism-by-three-chicago-leaders-wirepoints/
Mayor Johnson doesn’t yet realize there’s no bottomless well in city coffers, nor unlimited resources of taxpayer monies, to gaily redistribute to our underclass constituency. The white supposedly-progressive residents of Chicago are a self-selected group presently tolerating Chicago’s adverse conditions, but still ultimately able to “vote with their feet” and move elsewhere to a less-taxed and safer community. When you reward underclass for their non-conformance to society expectations of self-sufficiency and work-ethic, you reinforce bad habits and poor lifestyle choices, and don’t create new more productive wage-earning tax-payers. But since Johnson was a scofflaw himself, until outed during the election… Read more »
IOW it’s going to be spent on pot and big screen TV’s.
You forgot gambling
and those big rims that spin backwards
With your money!!
Reward nonproductivity and penalize productivity.
Pay the highest dollars per student for no education or job skills and then just give them graduates a check for not working.
This is a great plan for a successful Chitty.
Trying to sound like ‘The Kenyan’
It would be naive to dismiss this as merely fluff. This commie is trying his damnedest to burn Chicago to the ground.
What a load, from mr two paychecks for $188gs a yr and gaurenteeted $multi-million$ pension for teaching for 4 years all on the taxpayers dime–CTU/Brandon!! It’s gaurenteeted upperincome deals for me and chump change handouts for thee, fake progressivism chicago style!!!
Chump change gaurenteeted income virtue signinaling is all the progressive rage but school choice vouchers are the progressives enemy?
This is ridiculous. Unless there’s some sort of good faith debate taking place, why bother even posting this garbage? It’s a ridiculous distraction. All of these concepts and proposals have been thoroughly discredited and debunked over the past 200 years.
Regarding fairness, are we going to hear some cohesive plan from city leaders and distinguished entities? Someone has to be organizing some sort of counteroffensive to this junk.
Posting garbage? The mayor of the country’s third largest city is trying to burn Chicago to the ground with UBI. This is highly relevant. The mayor of my town isn’t doing this.
Note to BJ;
Wealth comes from production and anything that impedes production makes us all poorer.
Stop making promises you can not possibly keep. Yo do not have the money to make any of that puffery come true. You can’t get that much money from anyone or anywhere to make that phony baloney come true. All you are doing is getting less prosperous folks tuned up so they can have a huge letdown in the near future– which is likely in the next four years while you are unable to fulfill any of this in your first term.