-- Connecting the dots between our economy, government and business --
"Moderate alders are grumbling that the mayor is governing 'for the extremes' and 'in the name of his well-funded extremist allies.' It’s nice to have a base, but when that base makes up only a third of your constituents, that’s a tough place from which to run the city."
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
When even the wokesters at Chicago Magazine turn on you, it’s over.
“”Moderate alders are grumbling that the mayor is governing ‘for the extremes’ and ‘in the name of his well-funded extremist allies.’ It’s nice to have a base, but when that base makes up only a third of your constituents, that’s a tough place from which to run the city.””
Says the moderate, LOL. The commies are in charge now and will remain in charge for decades…and when election time comes around, these same progressives who voted for Johnson will vote for him again …
Seems Mayor Johnson is not governing in best interests of his self-ascribed “black and brown” communities, instead has chosen to steadfastly pursue destructive CTU policy agenda items. Interesting to see the Letters to Editor in Trib, now decrying Johnson’s policy directions, while acknowledging that said writer voted for Johnson because of his policy intentions. Number of Lincoln Park, Lakeview, and Edgewater/Andersonville residents penning those recent letters is noteworthy; these are same folks who will vote against their own best interests, time and again, in valiant effort to maintain their progressive self-images even when their life experiences indicate to do so… Read more »
The writing was on the wall long before this pinhead. In the 70’s and 80’s, Chicago lost it’s white middle class population. They’d had enough of the democrat stupidity and moved to the burbs. That left the blacks, a smaller hispanic community, some cops and firemen and the lakefront Nimby’s, interspersed with the post college “We’ll never grow up” crowd. The CPS educated blacks and Hispanics could be lead wherever their carnival barker leaders told them to go. The post college peter pan’s were perfectly happy with the bar scene and the lakefront liberals are generally naive morons. So started… Read more »
Chicago’s finances will collapse but they will be bailed out by a future Democrat majority. Chicago will collapse like Detroit when the people leave, but there’s just too many good, high paying corporate and professional jobs for a collapse to happen. I think it will be a slow attrition with the large firms shrinking their Chicago offices over time, the next two decades, before we’ll look back and say Wow, chicago is a lot smaller, and poorer now.