-- 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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Leslé Honoré is a poet, not a policy planner, what more could you expect from someone so dumb?
Just read the article. Yes, she is as smart as a box of rocks…. Developers and retailers do not deploy capital into ideas that generate negative returns – well, typically not intentionally. So, why would they invest in neighborhoods that lack potential customers who have the wherewithal to spend?
Equity…. When did merit lose is value?
Yes, really dense communities are the solution to Chicago’s problems. Everyone living on top of one another will unleash peace and harmony throughout the land!
Worked for Cabrini, the Robert Taylor homes, and many other beacons of utopia.
They were so awesome they had to be raized.
Does Leslé Honoré ever simply *look around* these rapidly – depopulating neighborhoods and *observe* what is *actually* going on…!!!??? “We started our work in around 2017, around the half mile of seven Chicago transit authority stations located in majority Black and brown neighborhoods, we don’t have the same luxuries of that ideal 20-minute neighborhood where you can walk to a grocery store, you can walk to a clinic, you can get on a train or a bus to go to school, to go to have retail therapy, to go to work. And it has contributed to displacement and depopulation in… Read more »
She’s also a shop steward for the Dunce Union. Retail Therapy? WTF is that? Sounds preferred fleecing.
Retail therapy is needed when shoplifters/looters only take inexpensive items. In therapy they teach you how to take more high end items. Either way you won’t be prosecuted but might as well take the expensive loot.