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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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Reading Mr. Millers article made my mind drift to two old axioms buried in my head namely, “Those who cannot remember the past are condemned to repeat it”. and the other “Insanity is doing the same thing over and over again and expecting different results.” If I read Miller correctly he draws a distinction from funding sports stadiums to funding things like quantum computing, battery plants and the like in his write up. I disagree. To me it is just more taxpayer money being thrown at projects that, if economically feasible, wouldn’t need public funding. It is the same old… Read more »
Like, say, the encyclopedia of failed policies of the far left? Let’s not be “unburdened by the past” on that, to use Kamala’s phrase.
As a boomer, this niggled a vague memory of a song. “I was so much older then, I’m younger than that now.”
My Back Pages, The Byrds, 1967. Written by Bob Dylan. No surprise there.
So I guess I get an automatic down vote no matter what I post. If I were paranoid, I would think that someone is stalking me.
Screw the downvotes. Say what you believe but back it up.
The flack is heaviest when you are directly over the target. Be happy that you are annoying a brain dead CTU stooge.