-- 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
LL has realized she had better start prostituting herself for votes… Don’t be surprised to see her start to sprinkle these found dollars (and those that are borrowed) on whichever group might sell her their votes. Sadly, it is a strategy that seems to work. Unlike the folks who benefit from the gift of our tax dollars…
Giving money to the junkie instead of sending them to rehab predictably results in failure.
Failure is an option.
C’mon, Vallas didn’t just fall off the turnip truck from Iowa. He knows how this stuff works as well as anyone. As Rick Pearson used to say, “this isn’t one of those good government states you know.” The members of the voting public here want you to buy their votes. That’s the game here. The voting public is not the victim of the politicians. The politicians respond to the incentives that the voting public offers them.
Lightfoot’s budget is literally attempting to buy POC votes for forthcoming reelection. Woman is shameless. She’d rather burn down the city than resign, as her actions and inactions DESTROY Chicago.
Please link Chicago Contrarian’s column regarding Chicago-area “ghost homes”. This is an important story. Years ago, Chicago Crains did feature story, comparing Chicago fate to Detroit’s history of decline, predicting that Chicago would follow Detroit’s destruction; this is another article worth reading.
Squandering? Ya mean vote buying!