-- 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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Black voters are disengaging because the Democratic Party has abandoned them. In Chicago’s 17 Black wards, voter turnout has steadily declined, reflecting a loss of faith in a party that has failed to address critical community issues. The last two Black mayors have only deepened the problems—sacrificing parkland for presidential monuments and shelters for illegal immigrants, cutting police protection while increasing their own security, closing schools as test scores plummet, and letting the Chicago Teachers Union run the city by indoctrinating students. Meanwhile, criminals roam free, and businesses shut down from rampant theft. If anything is going to change, Black… Read more »
Most black neighborhoods don’t even have Republicans on the ballot. Sometimes there’s a Republican on the ballot countywide, but not always, as with Assessor Kaegi’s last election. Democrat leaders don’t care if blacks vote or not. They don’t care if hispanics push out blacks and take over their neighborhoods or usurp CPS resources. They don’t care because the new residents vote Democrat too, for the exactly same Democrats the blacks voted for. Democrats don’t really care who the Democrat votes come from because they always vote Democrat. It’s a terrible one-party system that has festered for years and isn’t about… Read more »
Very well said, Debtsor. You’ve nailed it. Even in the collar counties, where Republicans are nearly extinct, there’s little hope left. I’ve been a resident of five countries, most of them in the Third World, and we’re becoming one at an alarming pace. It’s a sad day when the only solutions offered are to raise taxes, pile on debt, and spend money we don’t have—while our infrastructure crumbles and our priorities get hijacked by reckless social experiments. We’re watching the downfall of a state that seems intent on following the same failed path.