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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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I am pretty sure that is a blatantly racist idea.
Demonrats just didn’t have the right kind of slavery previously. They’ll get it right this time. Slaves to the govt.
Better to offer a quid pro quo payment:
Love the idea and you have tied to individual performance. Might work in the suburbs, might have some challenges in the city where STEM is going to be tied to “that’s racist”. The bigotry of low expectations. We are putting the bar so low that a 5th grade education gets into college for free. I like the other ideas below much better. The trades is a noble profession and its absolutely critical to get more apprenticeships with POC than ever before. The sad reality is we have created this “everyone gets a trophy” and “you hurt my feelings” mindset which… Read more »
You know who should really fund a reparations program? The trade unions. Wasn’t too long ago where you had to know somebody to get into the trades. How many African Americans were denied access to a good-paying non-college career because they couldn’t get into the union?
Those white union guys are no different than the black union guys or hispanic union guys all of a working class backgrounds. They still get DUIs, fight with their wine loving wives, engage in Facebook feuds with neighbors and family, have girlfriends on the side, spend all of their money on vehicles (sexi-trucks, mostly) and triple mortgage their homes to finance their lifestyle, and the moment there is a slight downtown in economy, and they lose the over-time, their entire house of cards come crashing down, and then they whine about how bad everything. I say, how much did that… Read more »
Reparations and UBI for communities that live off government benefits, sire mutliple children out of wedlock, and commit most of Chicago’s crime? Are you serious?
The rest of society is screaming ‘lock them up!’ and ‘take away the benefits!’ as the most obvious solution. They can then get jobs or starve, and if they continue with the life of crime, then they can get three square meals in prison for the rest of their life. But no one in the black community will say that’s time for some tough love, and those that do, like Candace Owens, are vilified.
What work would they have to do to earn this?
Work? Work?
They don’t need no stinkin’ work! Write the checks, taxpayers.
Reparations Racketeers Want Chicago To Be The Next City To Rob 2022 Taxpayers, Based On Pre-1865 Slavery
So, black males are the problem in Chicago and only black males should be given some free cash? Sounds pretty racist to me. Or might this be a tacit admission of where the breakdown in family structure really is?