-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Just another do nothing appointment to a do nothing office for a fat paycheck. Bravo!
Here is her PhD thesis. It’s a hoot: https://dc.uwm.edu/cgi/viewcontent.cgi?article=2361&context=etd . It begins with this: In the wake of the historical and more recent displays of violence against black and brown bodies domestically and abroad, this study is concentrated in the notion that black Americans have not and still do not hold the same civil liberties as other groups in this country. Historical and present-day movements such as #blacklivesmatter are evidence that, on a societal level, marginalized groups are not treated equally and still have to fight for what is supposed to be rightfully theirs. When black people can be unlawfully… Read more »
She writes like this because she’s a communist. Her unwavering belief in a undisprovable theory called Kendiism, is that all disparities between races are the result of systemic racism. The solution to all racial disparities is always taking from whites (and sometimes asians) and giving it to blacks. She also, for good measure, tosses in the rest of the progressive nonsense about restorative justice in schools and equity and crap like that…
On the topic of restorative justice, I’ve heard anecdotally that it is a complete disaster in practice. One story I heard was they put the bully in the same room with the victim to ‘work it out’ and brought in the parents too, and the bully and his mom just ended up ganging up on the poor kid and his mother and bullied the crap out of them too in the restorative justice session. Because there’s no punishment for being a bully, just restorative justice…
Also, Pee Wee Herman was named the Chief Public Decency Officer!!
Talk about useless word salad. “A comprehensive range of mixed-method approaches”. Basically what this says is that we’re going to spend lots of money doing lots of things but we’ll have no idea if any of it works! Oh, by the way, it’s your money we’ll be spending.
Hmm, when Old Joe gets in office he’s gonna establish the Office of European Heritage to ensure competent experienced credentialed people are selected to steward the public trust.
I put this link up on a different article and the words are the same. Illinois not just Chicago is headed for the same fate. I’ve talked to so many people in casual conversation (checkout lanes and cashiers/etc) and they are all dumbfounded-shocked-bewildered at what is going on so quickly. It’s almost like the Chris Rock slap. Was not expected.
https://www.naturalnews.com/2023-06-29-dei-johannesburg-south-africa-collapse-crumbling-hellscape.html
Yes, and with a growing hispanic population that really seems to prefer socialism/communism, they will eventually take over the ashes of what remains and but a Nuevo Caracas twist on to New Johannesburg…It’s going to be a sight to behold…