-- 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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She is a tool!
It’s pretty simple, if you don’t give me free money, you’re racist! Jesse? Al? A little help here!
Like the Cayman Islands where the $45B in road money will end up.
“banks that engage in discriminatory lending practices”; “It showed banks lend 12 cents in Black neighborhoods and 13 cents in Hispanic neighborhoods for every $1 they lend in white neighborhoods.” The doctrine of disparate impact, which treats all differences between groups as an inequity caused by racism, effectively turns the analytical inquiry of the enlightenment upside down. There’s no need to rationally and logically investigate the reasons why anymore, you just blame “racism” and “inequity” regardless of the cause. A bit like how our ancestors blamed sorcery or black magic. https://interactive.wbez.org/2020/banking/disparity/ This disingenious article doesn’t address that the white north… Read more »