-- 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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Yes there is one map. Let’s plot the areas that voted for Toni Preckwinkle, Kim Foxx and Brandon Johnson. I’m guessing it’s the same map. Doesn’t matter though, until people make some effort to change there will be no change.
The blame for lack of investment in the South and West side is democrat social policy that destroyed black families and fostered a cycle of dependency that created multi-generational poverty. If anything is “racism” anymore, that is the perfect example.
Spot on Giddy. This is the “systemic” stiff the left has spawned.
The map should have two designations, Go or No Go. Go areas wouldn’t be very large.
Is this a “counterfactual”…??? Huge amounts of money and official government policies have been “invested ” in these areas for generations now, and with what result? Also, isn’t this a damning indictment of the black political and democratic “leadership” in this city…???
The leaders have decided that the ‘solution’ to the african-american communities’ problem is to quite simply do even more of the same: more taxes, less policing, less punishment, more social programs. It might work someday. Or it will just make things worse.
My personal opinion is that there is no answer until the community itself decides it wants an answer. Otherwise things will never change.
“Social engineering” can only do so much…
And as a social services Case Manager (employment coach) I’ve always told my clients, “If you are looking for a miracle, it *can* happen – but that miracle has to start *within* you…” Some get it and thrive, others don’t and complain about their lot until they are in the grave…
The LBJ – initiated “War on Poverty” has spent trillions and has inflicted untold misery on many millions for generations now… yet the “cure” is always “GIVE US MORE MONEY!”… we continually reward failure…