-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Unfortunately this Mayor is like a lost dog trying to find his way home.
Mayor Johnson, what about north-side residential neighborhoods beset with violent street-crime?
These neighborhoods contribute a disproportionate share of PAID residential real estate taxes to Chicago and Cook County. Neighborhoods of Lincoln Park, Lakeview, Edgewater, Lincoln Square – prime locations of those million dollar+ houses to be now subjected to “mansion tax”, and yet barely policed, while experiencing significantly more crime at all hours of day.
No place in Chicago is truly “safe” anymore, with exception of Mayor Johnson’s and Lori Lightfoot’s residential blocks, patrolled by special squads of CPD cops. Johnson gets 150 cops for himself.
“…From each according to his ability, to each according to his needs…” – Karl Marx
Northsiders can afford to pay more, and need less policing, so they get little in return.
PLEASE…..DON’T GIVE HIM ANYMORE CRAZY IDEAS
The downvotes just make me more frenetic and make me want to post even more unpopular truths!
We are seeing the destruction of Chicago,
All the politicians are aware of it but they don’t care. It will continue unabated until the carcass looks like Detroit.
Then the usual group of idiots will say what happened, how could this happen.
THEY DON’T CARE CAUSE THEIR PAYCHECKS HAVEN’T BOUNCED YET
YOU CAN’T MAKE THIS STUFF UP……..THIS WOULD MAKE A GREAT MOVIE ABOUT STUPIDITY
Spot on Streeter. Stabbing on Ravenswood recently. I could walk to that place.
What a joke. This is a dinky $1 mil grant/plan while CTU/Brandon is sitting on approx $400 mil in unused COVID $bucks$, spending $100s of millions on migrants, etc….and god knows how many $100s of millions he’s going to hand over to his CTU buddies
I google further and CTU/Brandons “The Peoples Plan for Community Safety” is in reality just some aspirational equity bs outline at this point with no budget, funding sources or ordinance voted on by Alderman that I can find….pathetic press stunt, but what else to expect:
https://www.chicago.gov/city/en/depts/mayor/press_room/press_releases/2024/march/mocs-blocks.html