-- 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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Dems control/run most if not all of these Big Blue cities like Sheeetcago.
Guess high taxes and high crime are not a recipe to keep taxpayers from voting with their feet.
This trend will continue for my lifetime.
Da Judge
Florida west coast use to have small cities, they have all grown larger with the influx of the northerners leaving the high taxes and higher crime rates. God Damn Yankees.
When Chicago explodes in crime this summer — and next summer of the Democrat Convention — the parade of people out of failed Democrat cities will become a balls to the wall stampede
I love how city leaders are tasked to fix the very problems they created: terrible schools, high crime, vacant urban centers.
The thing that irks me about crime is that people need to just stop committing crime. It’s quite easy: don’t loot the whole foods or walmart; don’t do the drive by shooting; don’t carjack the young mon with two kids in the car. It’s that easy, yet, so difficult at the same time.
Here is a big reason besides taxes that they are fleeing. Food reparations is now a thriving enterprise. Hey kids mommy going to teach you how to shop without money using just a duffle bag and backpack. Christmas every day. But first I must jack a car to get there and back. Have a good day playing video games kids and remember to skip school.
https://www.cnn.com/2023/04/11/business/san-francisco-whole-foods-closure/index.html
You need to teach them to bring the duffle bag. If you just demand reparations it won’t work out for you so well. Check out the story of Karen Ivery’s “Rosa Parks” moment at a target in Ohio. We need more security like the young man that handled her demand for grocery reparations.
Google “Karen Ivery Target” and find the video. I tried to post a link but as usual it goes into the spam filter.
I posted that video somewhere in another article here a few days ago . She expected an immediate reparations of $1K in merchandise and got one upside the head. Problem is she will sue the security guard/manager and Target and may end up winning. Her $1K unpaid items may net her a few mil.
68.314 last year in Cook County according to an infographic at Illinois Policy.