-- 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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Never ceases to amazing me how people decide who to vote for, their process is sometimes well researched and thought out, but for some…you wonder how they can even find their way home at night. This dude in NY is saying he’s going to have Government owned grocery stores, free subway (the train not the sandwich), all rent controlled buildings, etc. and uninformed superficial voters are falling for it. Can you imagine how screwed up, costly and unproductive a chain of government owned and run grocery stores would be? His City is as broke as Chicago (more so if that’s… Read more »
Hopefully Adams will win the election.
Give the people what they want. Just kidding. The people don’t know what they want and now this new socialist mayor should just do the “right” thing and instead be conservative. It’s not the voters fault.
It’s really not surprising in a city that has a Soros funded DA’s like Bragg, an openly biased, racist person under investigation for loan fraud like James for an AG , and AOC, whose district is the highest in poverty, unemployment and drug abuse/ open air prostitution in the whole city.
Looks like Mamdani in pretty much a landslide with big turnout? Maybe a big anti DJT statement? But they’re thrilled in Florida!! (Miami may see another New York exodus | Miami Herald https://share.google/cbPTKEI1nKa8jVMPa )
Red states have probably had their fill by now of blue birds flocking to their states having fouled their old nests. Not fewer than three people I know have/ are moving to FL recently and bringing their Dem values with them.
Mess it up here, then move on after you find living here undesirable.