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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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Woman has the word man in it.
You would think they would work on reducing crime, open up more stores and helping the neighborhoods- What a bunch of idiots!
Brilliant idea! No wonder Chicago is the mess it is! This will fix everything!
Baizuo is the word I would like to see used more. It’s a Chinese slur used on America’s wokesters. Baizuo refers to people who “only care about topics such as immigration, minorities, LGBT and the environment,” who “have no sense of real problems in the real world,” who only advocate for peace and equality to “satisfy their own feelings of moral superiority” and who are “obsessed with political correctness” that they “tolerate backward Islamic values for the sake of multiculturalism.” Seems they have this figured out better than Americans. https://www.globaltimes.cn/content/1047989.shtml
Illinois
I’ve got a name they could use. USELESS!
The word alder means patriarchy. The irony of a female Alderman calling herself Alder without understanding that alder means “old” as in “old, elder men” is so rich. Alderman today now means ‘magistrate of a city’ in municipal government, with no reference to gender at all. It’s a generic term that uses ‘man’ at the end as general description, has nothing to do with ‘man’ at all anymore. But you know, you can’t expect a politician to actually care or do research, it’s all about stupidity these days. These are the people elected to city government. No wonder Chicago is… Read more »