-- 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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A very worthwhile essay here. Show some moral authority, people! “But when we got here in 2018, within the first year, my children were being taught about white supremacy and white privilege and that all white people were rich and racist.”
“I’ve spent a lot of time in Central Africa because my dad is from the Congo. And some of the propaganda that’s being spread right now here in Evanston is similar to some of the divisiveness that took place in Rwanda before the massacre.”