-- 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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As far as I know, slavery never existed in Illinois. Perhaps among the native population before the nation was born? How many white Northerners gave their lives fighting for emancipation during the Civil War? Do their descendants get reparations, or do they get the bill? The real question might be how to improve often deplorable living standards for millions of struggling citizens? The media and elite so easily manipulate groups to hate and fight each other, it keeps attention off of real problems.
Slavery existed downstate before it was the northwest territory and was tolerated in limited instances for sometime afterwards. IL had some laws that actually prohibited Black people from even living in Illinois. But Slavery was long prohibited by 1855, the year Evanston was incorporated.
Indentured servants that was often the equivalent of slavery populated Illinois and so I assume that their descendants will get reparations as well unless, that is, leprechaun Madigan keep them all for himself.
Free housing, free utilities, free computers, free internet, free Medicaid, free groceries, free school, free school meals, free childcare, free clothing, free, free, free, free stuff for 50+yrs just isnt enough I guess.
Excellent commentary