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In 2019, six democratic socialists were elected to the City Council; This year, in the February 28 aldermanic elections, the DSA is running four more candidates. Says former alderman Joe Moore, “If there’s a dozen of them, they could have real influence.” Then he adds a dig: “They might not get everything they want, because they don’t have a foot in reality.”
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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“the Chicago Board Options Exchange, would be…done…”
I fixed it for the communist imbeciles, that would be all of them.
There is no such thing as a Democratic Socialist their COMMUNIST people can`t combat an EMENY till they know who they are
The only seat in American government that a Communist should have is a seat on the electric chair.
Socialism is theft; they’ll fit right in.
Again with the pie-in-the-sky LaSalle Street Tax. How is Chicago going to collect if the trade is executed in Aurora?
What a great comment. “They have nothing and want to share it with everyone”.