-- 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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““Some of our communities are being completely gentrified,” Maldonado said. “We need to stop that, we need to slow it down.” ”
Uh, this is TOTALLY racist. Imagine if a white person in Edgebrook said that too many people of a different color were moving in.
Why is it OK for minorities to say things like this, where if a white alderman said this, they would be run out of town faster than Alan Keyes?