-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Blair knows a lot about architecture, and nothing about politics. What the heck is a “good” city, and what is a “fair city”? He has many decades of excellent comments on specific buildings and designs in many different neighborhoods. Sounds like now he is starting to think about woke Dem politics and sociology and demographics more than architecture. Please, stick to architecture, Blair, and spare us your amateur political input.
“Equity” is a false promise.
Equity’s goal is equal outcomes. Do we really want to live in a society that supports mediocrity? That’s the only path to equity – and if it were ever actually achieved, would be the death knell for innovation, progress, and social improvement.
The whole concept is nonsense. Equal OPPORTUNITY, not equal OUTCOME.
Stupid chickens.
wonderful comment
After reading your comment, I began thinking again about some public union that wants a $25 minimum wage. Yeah, let’s pay someone $25 per hour for a job requiring almost no skills or knowledge. What an awful idea!
By becoming a public charge city. That’s the way forward….