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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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Equity will only be achieved in Chiraq when everyone in the city is equally miserable and broke. That’s the true equity of this poorly thought out plan.
We in chaaj na! Makes you think!
Inequity rooted in the past is, practically speaking, impossible to fix. That’s one of the reasons behind the concept of statutes of limitations. Imagine correcting the injustices done to Native Americans through “contract rights” granted in treaties. Some places in Europe are trying to re-align land titles or compensate for property seizures by Nazis or Communists. The British Museum is returning pilfered treasures and stolen Van Goghs sometimes find their ways to the descendants of former owners. But large-scale adjustment of historical predation simply cannot be done with any sort of “justice.” Rather, it is a form of bribery cum… Read more »
Hatred and division by design. It’s what communists do.
You would be hard pressed to find a bigger pile of BS than this so called plan. Dozens of objectives with no specific policies to achieve them. Someone actually got paid to assemble this garbage. Let me boil it down for you. The “gimme free stuff” crowd would like to inform you that they will never be satisfied, but they have no idea how to take the rest of your money, just yet. They will be making a plan sometime in the future, but right now they’re tired so they’ll be laying on the couch for awhile.
This is a classic example of wondering who’s the Chump. You can see everyone who will pay for this by looking in the mirror. The closer the midterms, the more outrageous the schemes. Hopefully it’s their final FU as they’re handed their hat.
Exactly correct. A word salad of baseless-n-biased assumptions used as reasons to continue to make bad things worse by spending additional money and time doing more of the same expensive-n-silly stuff that’s already not working.
There is some deeply disturbing revisionist history and anti-white hatred hidden in the word salad. Only a reader with familiarity with intersectionalist marxist philosophy would be able to parse the true meaning couched in academic CRT jargon. This report is as racist and conspiratorial as it gets. The world ‘white’ appears by my count 66 times, nearly all in the context of how white people created or benefit from oppression. Just imagine if you replaced the word ‘white’ with the J word instead, the nonsense is this report is right up there with the Protocols of the Elders of Z… Read more »
Right on, Debtsor. Chicago’s plan is a document of hatred, division and racism.
They are clearly operating directly from the Nazi playbook. Not Marxists, but National Socialists.
It’s over for Illinois