-- 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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Per the Offices of Mayor Lightfoot and State’s Attorney Foxx, the use of the pejorative term “carjacking” is now banned.
From now on, acts involving the forcible taking of a car, truck or SUV will be referred to as “AUTOMOBILE EQUITY,” “CARPOOL DIVERSITY,” or “VEHICULAR INCLUSION.”
If you read any carjacking articles, it’s mostly teens that are doing it and let go. This is a joke.
“And when you look at the fact that the carjacking spike occurred just as the pandemic and the economic downturn hit, it makes logical sense that a lot of the carjacking is tied to the tremendous increase in economic need in Chicago’s disadvantaged neighborhoods.”
That makes logical sense, Professor Vargas can you explain why the carjackings are continuing with the pandemic essentially over and an abundance of available jobs?????
UChicago Justice Group? Have they anything to support their hypothesis? Anything beyond whining Blowhardism? When a 12 y/o sticks a gun in your face? Oh! That’s right, he’s not a teen yet.
REALLY? So all the thousands of Chicago carjack victims were racially gaslighting us — when they said that a group of black teenagers carjacked them at gunpoint? This is the kind of faked-data, junk-science, fraud-hoax-fairy-tale-garbage that we can expect – from agenda driven academic propagandists, who follow the Jussie Smollett model of integrity.
It is entirely plausible that teens doing the carjacking (because they are released after being caught), joyriding in the vehicle, or committing other crimes, and then bringing it back to the ‘shop’ for boxing into an intermodal container for shipping to Mexico or overseas. I once worked with a guy dabbled into shipping cars to Africa. He kept getting ripped off himself. I wondered how he made any profit shipping used cars to Lagos but it makes perfect sense because the vehicles are stolen. Except the guys on the other end of the transaction kept ripping him off. I would… Read more »
debtsor I think you’re on to something. This would explain why so many cheaper cars are car jacked, which never made sense to me until I read your post.