-- 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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“…popularity of diversity programs…”
What planet is he on?
Yep. With no corruption left to chase down in Illinois. https://chicago.suntimes.com/columnists/2024/06/14/metra-spending-taxpayer-money-harvey-warehouse-transit-bailout-pritzker-jim-derwinski-rich-miller DEI hire Kwame Raoul continues ‘the work of his life’ by defending actual discrimination throughout the employment landscape via the marketing banner of diversity. A simple test of what constitutes real, as opposed to the schite term of ‘systemic’, discrimination is to flip the category being discriminated against. Raoul would scoff at the very idea that DEI discriminates against white males. If you flip the races, saying that white males be given extra preferential treatment in the hiring process over black females, Raoul would be at the front of… Read more »