-- 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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Reperations for what happened ages ago in Haiti? Not even in us—wow,
Nobody alive today was a slave. Nobody alive today was a slave-owner.
Need I say more?
And furthermore – the north banned slavery. Slavery was banned in Illinois. The Emancipation Proclamation was issued on 1/1/1863, and Evanston wasn’t even formally incorporated until 12/29/1863. There have never been slaves in Evanston, and in fact, free communities of african americans had been living in Evanston since 1840. Evanston may have been the most anti-slavery town in Illinois in the 1800’s. It’s absolutely absurd that 150 years after the end of the civil war, the most anti-slavery towns are now themselves PAYING REPARATIONS for the sins of others – southerners – thousands of miles away. It’s such an illogical… Read more »
Will this be the end of reparations, or, just the beginning?