-- 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
This disparity, equity garbage has got to stop. It’s out of control. The real discrimination is against white people over 65.
Well, duh! The few remaining white people over 65 mostly vote Republican. Of course JB wants them dead! Another dead Republican means nothing to him when there is a 45 year old poor, obese BIPOC that reliably votes Democrat once or twice every election.
“Right now 50% of the vaccines go directly to the arms of African Americans and Latinx communities,” Luna said. “This is an amazing turnout when we started with only 18% or even less of vaccines going into arms of our African American and Latinx communities.”
No racism here, nothing to see here….