-- 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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Money for housing the homeless, illegal border jumpers?
Chicago will never be an affordable city until it turns into Detroit. There’s no way to rent control, price fix, tax the rich or whatever your way out of it. Someone needs to be honest and tell these people that a handout is a short term fix, the long term fix is moving somewhere else.
But everywhere else is increasingly more expensive than Chicago, if you’ve been following national housing markets. Chicago is actually quite ‘cheap’ compared relatively to our peers. There are few ‘affordable’ cities left because the Federal Reserve pumped the financial markets full of liquidity and printed trillion of dollars. That money is choosing to flow to other cities relatively compared to Chicago, but it’s still flowing here.
Teaching a 6 yr old to read is beyond their capabilities, but they are going to end homelessness.
That’s a clever response and so true. We can’t begin to solve all of the problems of life here, there and everywhere. Its usually better to try solving life happiness issues one step at a time and evaluate the progress achieved accordingly before taking on the whole issue, don’t you think?
I saw an interview that Grace Slick did a few years ago. She spoke of her 60’s generation and had a great observation:
“We thought we were going to change the world, when the truth was we couldn’t even change our socks.”
That’s a great response, too. I think as we age into our latter years we. (hopefully) are more circumspect about how much we as individuals are able to do vs. what has to remain as a set of unfulfilled dreams we may have had earlier. So, yes, I think Grace gave a truly slick response based on her growing personal wisdom about what’s truly doable.
The CTU thinks it is the unelected government. This is how all communists feel. They get democracy for themselves, but you pleb, you get their authority, and there’s nothing you can do about it.
Ending homelessness isn’t the goal. It’s getting a place at the homeless industrial complex trough, to get in on the grift.. Just another way to get paid while producing zero results. If they end homelessness, racism, whatever, the spigot gets shut off. Though I’m sure they’ll find a new „existential crisis” to replace it.
Homelessness is not a CPS problem to solve, CPS already declares EVERY student needs a free lunch and pockets the money what’s next? (It’s federally illegal to question eligibility, teachers and administrators even have it for their own kids – IF – they are in public schools)
How many teachers and administrators opened their homes to help out the kids who are homeless?
Lead by example and taking some kids in would be the prudent thing to do. Did they help collect warm clothing for them in winter months? Did they donate to food pantries or work there serving and cooking hot food for the kids? What did they do collectively or as individuals to help remedy the situation?
Considering the head of the Chicago Teachers Union LIVES IN INDIANA!
I tried to read this progress/CTU nut job piece, skimmed thru the rest. I see ZERO statement on what any of this crazy would cost taxpayers.
What I read before was only 1.4 BILLION!
Tax the people in Chicago they love to be taxed to death.