-- 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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“Reparations” is just a code word for “money to buy marijuana.”
The participation trophy generation strikes again.
The simple, and correct, answer to these children is “No.”
Thad their endowments!
Tax their endowments!
I can’t hardly believe what I just read. Wow, I will say that if this increases the velocity of stale, moldy money, it might have a use.
It’s nice when they eat their own isn’t it.
It’s hilarious! I think they should ask for $10 Billion!
One more reason why is useless as preparation for the real world — it’s just a place for performative grievance roleplay