-- 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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So a socialist anti-racist professor conducts a study finding anti-racist socialism is the solution all of America’s ills. SHOCKING!
Wow, I am dumber for reading that reported study.
The biggest cause of generational poverty is having children out of wedlock, single motherhood and fatherless homes.
If you take step back and actually look at what is going on, it all starts to make sense. There’s two things going on really, one we know about is that wealth begets wealth, well demonstrated by Piketty’s thesis, and common sense: the rich get richer. This we know. But there’s another even more significant thing going on, practically ignored by social scientists, because it is too painful to acknowledge. The US is undergoing a social experiment unlike anything our society or any civilization has ever seen. Throughout all of history, men and women had children and mated based on… Read more »
While I am not a real doctor. I have seen this with the new class of doctors. In the old days a few male doctors would end marrying cute hospital worker, nurse, etc. Nowadays, more than a few male doctors marry female doctors. Go super babies
Charles Murray wrote a book about 25 years ago describing this sorting by class called Coming Apart. It predicted the divisions we see now, due to the more intellectually gifted meeting each other through attendance at the elite universities. That didn’t happen as much in the past, when marriage possibilities were confined mostly by geographic proximity. It’s an interesting read.
Looking back on my many years of life your writing is absolutely true!
Old Joe, that cannot be said often enough, but our fearless leaders won’t say it.
Another point made in the book Coming Apart. The elites don’t preach what they practice. They know perfectly well where certain behaviors lead, and would never tolerate them in their own communities. But they condone and excuse that behavior in others.
A little bit of faith in God significantly helps s well.