-- 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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We all want blacks to prosper. Thriving black neighborhoods are in everyone’s interest. But that ain’t going to happen until they first get control of their teenagers and young adults who spend their weekends on the streets taking target practice at each other. They need to foster an atmosphere of hard work and entrepreneurship to get wealth.
60+ years of money poured into Great Society programs. 70+ years of money poured into “humanitarian assistance for Palestinian refugees”. Similar results for both programs. Perpetual victims with an enthusiasm for violence.
Have we learned anything yet?
The Re-Re-Re-Re-Re-Re-Re-Re-Re-Re-Re-Reconstruction outreach to black Chicagoans; there, I fixed your headline.