-- 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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Well. Well. You have to get towards the end of the bloviating to see what the real issue is. It has nothing to do with the “neighborhoods”, or the minority residents. It is all about guaranteeing union jobs. I am sure the union organizers have the welfare of the neighbors as their top priority.
“in terms of the number of jobs for Evanston residents and jobs for African American and Latinx residents” alliance President Lesley Williams said… STUPID person doesn’t realize that Northwestern isn’t going to ADMIT TO ILLEGAL EMPLOYMENT DISCRIMINATION IN WRITING. That’s how stupid these people are. I hope you’re reading this Lesley…you’re not nearly as smart or sharp as you think you are… But, really, that’s where this is all headed. Racial preferences and set-asides for various ethnic groups. We call this South Africa, where every institution gets shaken down for no-show and BS jobs based on race, and only the… Read more »