-- 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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Generational Black poverty is a feature — not a “bug” — of left wing Democrat policy. By keeping Blacks locked in poverty with bad schools — and policies that promote crime — and destroy Black families and businesses — Democrats can get votes by blaming it all on imaginary systematic
Illinois—-dead last in racial equity and #1 in fake-progressive equity hustle $shakedown$ artists.
Who’d a thunk a century of Democratic Party would leave some folks behind?
This situation is likely due to the poor education received by minority students in CPS and many suburban districts. Those districts certainly have the resources (money), but the over the top union influence and orientation here (versus in other states) lead to very poor outcomes. New Illinois mandates to indoctrinate students with victimhood topics rather than teaching topics useful to achieve gainful employment also hurt. No one wants to hire or promote a grievance machine with no productive or people skills.
You are absolutely spot on. Well said.