-- 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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Equity is simply redressing past discrimination, usually far past as in decades, by applying discrimination currently.
Time for merit to make a comeback. Time for DEI charlatans to learn to code.
Equity is newspeak for taking from those that have achieved something, and those that have had the opportunity to do so since 1964, and giving it on a silver platter to those that haven’t made the effort to do anything.