-- 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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Classical liberalism died several years ago. Since 1965, the United States has imported tens of millions of immigrants from every corner of the planet. These immigrants have formed ethnic cliques and enclaves, and native-born Americans are not part of them. Even by the third generation and beyond, many remain in their ethnic enclaves and show limited assimilation. They do not embrace the ideal of a multicultural society, a kind of La-La Land, where everyone gets along by judging others by the content of their character rather than the color of their skin. Few, if any, have ancestors who were in… Read more »
Great analysis by Vallas. Glad I’m of an age that I won’t be around to see the consequences. Don’t doubt that a lot of what he says will happen. Oh, wait, I’m just an Islamophobe, they’re a peaceful, tolerant people.