-- 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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Vallas should look over his shoulder. Johnson has enlisted a professional scumbag to assist; the Reverend Al Sharpton, a former dope dealer and current Dope. If he needs help from shitbgs why go to NYC ? You’ve got a loafing former mayor with nothing to do. She could hold carry Al’s coat, dragging it on the ground. Through the spit and dog sht.
If Vallas is elected, how will he be able to significantly lower the carjacking and armed robbery rates in Chicago when Foxx and Evans are still in place?
Police can’t stop crime but they can try and prevent it. Considering that the number of arrests and traffic stops have plummeted in the past three years, they could start by increasing those. A guy pulled over for a busted taillight gets busted for an illegal gun, he’ll spend at least a few days in jail before the judge gives him a small bond. Those few days could be enough to disrupt whatever other criminal plans he had the afternoon he was arrested, even if Kim Foxx ultimately drops charges against him. The CPD denies that it has gone fetal… Read more »
Cook County lets violent offenders off the hook, but Chicago gives Joe Shmoe a ticket for going six mph over the limit. I’m glad they have their priorities straight.
Nothing will change no matter who wins. Taxes will go up, up and away. Crime will go up, up and away. Services will go down the drain. Education will cost more and deliver less (if that is possible). More families will flee the Chitty and the State. The path of destruction is set in stone by the huge pension time bomb going off for the next generation.