-- 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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If Evenston didn’t have Northwestern university supporting it the city would be a third world city ,
Good ole slavery card in a state that it never existed and some of who’s residents died fighting it. Nurse the “ victim of slavery “ baby along. Nurture it.Coddle it. Treat it with the utmost of loving care as when it matures, it will pay enormous dividends.
Laying the ground work for reparations.
It’s wonderful that Chicago currently has no pressing problems. This allows the aldermen to focus on things that happened generations ago!
One of the fallacies in play is the “post hoc ergo proper hoc” view that slavery is a “cause” of the current conditions in which some Blacks live. Reparations might be appropriate for those who can prove the connection. Then the remedy might be against the slave states of the old South. The statutes of limitation may not apply in cases “against the sovereign,” and states can’t go bankrupt under current law. Some contingent fee lawyers might take these cases where plaintiffs have evidence. Class actions might be problematic but the proofs could be presented after the judgement or the… Read more »
And which political party has dominated Illinois politics for the past 75 years? The Tribunes John McCaron told us years ago in his politics of poverty series, politicians “keep poor people poor, they will always be beholding to you.” And for at least the last 75 years they have! Wake up Lamont!
Why should people who never owned slaves fund people who were never slaves?
Lamont’s father, salvage yard operator Fred Sanford, opposed this measure, calling Lamont “YOU BIG DUMMY.”