-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Proportionately to the racial makeup of Chicago, the city government is far from equitable. It should be an equal number of whites and Hispanics, followed by a smaller segment of blacks. That’s if DEI were being applied in its true sense, not as a tool to give a segment undue influence.
Interesting … diverse has now come to mean POCs only – whites and Asians need not apply.
Look how well diversity is serving the citizens of Chicago. Awesome, eh?
Wonderful. Sounds like the rainbow dream team. But who exactly is the expert on housing? The expert on public transportation? The expert on pension management? The expert on aviation? Sports stadiums? Health care? Education? Crime control? Springfield politics? Washington DC politics? No bragging about any of that type of expertise? Of course, there aren’t any. Lord help Chicago.
DIVERSITY IS OUR STRENGTH. SAY IT AGAIN. DIVERSITY IS OUR STRENGTH.