-- 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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time to abolish the race hustlers:
“I am afraid that there is a certain class of race-problem solvers who don’t want the patient to get well, because as long as the disease holds out they have not only an easy means of making a living, but also an easy medium through which to make themselves prominent before the public.”
-Booker T. Washington
There’s some people in Cincinnati Ohio that would like the racial profiling to stop too.
From any total for reparations, let’s subtract the cost of over a century of welfare benefits, health care costs and wasted educational expenses. If we still owe money, we can look at deducting the cost of storefront plate glass windows smashed, the value of stolen merchandise and the increasing expense of business insurance.
I have never understood why softballs in Northern blue states feel a need to pay anyone reparations.
They seem to be unaware that the Northern states were free states and that the Northern states fought to free slaves. The idiocy is beyond belief.
more, never-ending, lame, socialist ideas
Government never owned slaves. Land owners in the south owned slaves. At that time it was legal to own slaves. The United States government went to war internally to stop slavery. So, why should the same government pay reparations…for something the same government fought to end? While these people are considering reparations, perhaps also consider the 360,000 union solders who gave their last full measure for the cause of ending slavery. Also consider who is driving the reparations movement – democrats who supported owning slaves, formed the KKK and have worked tirelessly to keep the black demographic poor, uneducated and… Read more »
And the reality is that Governments don’t pay anything! Taxpayers do!
Ah, yes — “reparations,” Illinois-style: a $500,000 taxpayer-funded Task Force closed to the public, chaired by political allies, and marketed as justice… but functioning as an ATM for the Democratic vote machine. Because nothing says “healing racial wounds” like backroom meetings, zero transparency, and a healthy serving of virtue signaling — all while the city collapses under crime, debt, and a mass exodus of working families. It’s not about equity — it’s about election strategy: keep promising payouts, keep stoking division, and keep the votes rolling in. And if you question the logic or the bill? You must be racist. Real solutions don’t require… Read more »
Johnson crying poor but wastes $500K on another farce.
He is just pandering to the parasites.
Both my grandparents came from Ireland. They didn’t have anything to do with slavery. Why should I be forced to pay for that ?
A meeting deciding how people with no connection to slavery are going to get fleeced closed to said people. Get rid of these lazy, wealth distributors now.
Reparations are only about perpetuating the victim theory. Instead, they should fight for schools that actually teach children and prepare students for success when they become adults. Public schools failed. Until our government stops trying to keep citizens undereducated and dependent on handouts, nothing will change. Education is the key.
“and it’s not just about writing a check”.
BS, it’s ALWAYS about writing a check. You want to change the trajectory? The two biggest things are having a mother and father in the home and getting a good fundamental education. Get your kids away from the Marxist public school systems and elect politicians who support school choice.
Until you do that, Charles Barkley’s statement will still remain true. “Black people have been voting democrat for over 50 years and you’re still poor”
“The two biggest things are having a mother and father in the home…”
In other words, don’t have sex until you are married, and don’t get married until you have a job that will support a family. Sounds impossible? This was the norm up until 60 years ago.
Who is the idiot down voting this?
You want to reduce the wealth gap?
Jobs and entrepreneurial opportunities.
No education( a real education) , no jobs.
“Chicago’s Reparations Task Force is examining what reparative measures look like”I’ll tell you what it would look like if we were going to have an honest discussion. It would like a reimbursement to the city and county taxpayers for the murder and mayhem that’s come to define so much of Chicago. From the costs of Law Enforcement to the medical costs of the victims, picked up by the taxpayers, to the destruction of private property, and overall quality of life in the city. When the Chosen Ones finally own-up to the OUT-SIZED role they play in the deterioration and destruction… Read more »
In other words, blacks should pay reparations or restitution for the havoc they have wreaked on our country and its taxpayers, after blacks were freed from slavery 150 years ago, and especially after the Civil Rights Revolution?