-- 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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I always wonder — do progressives become dim bulbs, or do dim bulbs become progressives?
Chicken or the egg paradox, I guess.
I’ve read that there’s a link between neurosis and socialism. Those who worry they can’t take care of themselves want the govt to do it for them.
Socialism was easy to apply in early 20th century Europe after WWI because the capital of the aristocracy was right there for everyone to see: the lorded gentry had large estate, he owned all the real estate in town, he or she had business enterprises everywhere. Like the Downton Abbey model, the government could just come in and tax the heck out of it. The wealth of today’s oligarchy – which without a doubt hoards so much money it actually affects the economy – isn’t in plain sight, and the owners are often distant. I gave the example the other… Read more »
And at the same time, those same demsocs are the useful idiots of those who are pushing for even more of that globalization. The modern world is a Tom Clancy novel come to life
““Working class Chicagoans need a budget that taxes the rich and powerful corporations to pay their fair share,” ”
Translation:
Let’s help out the vacant suburban office parks by forcing business out of Chicago. So many office parks need tenants, in Rosemont, along I-94, along I-88, Oak Brook, Schumburg, Tinley!!!
Yes, progressives, cut police funding. These people obviously don’t have to live in the already crime-ridden neighborhoods which this would most negatively affect. This is why the rest of the state trats Chicago with such scorn, not that they’d care…