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In 2019, the city of about 75,000 just north of Chicago committed to spend $10 million over 10 years on local reparations. Dozens of other municipalities across the U.S. have taken initial steps toward reparations since.
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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How pompous for Evanston to want to set up a program “for the whole country.” How naive for Evanston to think they speak “for the whole country.”
In light of the court’s most recent ruling about affirmative action, it’s likely that Evanston’s reparations program is illegal under the 14th amendment. Especially if it’s state or local money. If the federal government can’t discriminate based on race, then the state can’t discriminate either. No mention of this in the article.