-- 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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As a White person who identifies as black I should move there and ask “where’s mine?”
Ald. Robin Rue Simmons is Black and she voted to give herself and other Black people reparations. From a town that never had slaves in the first place.
How convenient!
No slaves in Evanston, but historically there was quite a bit of racism, segregated schools up until mid-20th century, separate hospital, racially restrictive covenants. As a colorless Evanston resident, I think reparations are a bad idea, but hardly the most wasteful or immoral thing the City does. There does seem to be an implication in the article that the City remains segregated, whereas there are quite a few mixed neighborhoods.
“historically there was quite a bit of racism, segregated schools up until mid-20th century, separate hospital, racially restrictive covenants.” The key word in your comment is ‘historical’. Nearly all of my family, presumably, were penniless serfs in eastern europe, and poor peasants in western europe, for a millennia. I have no generational wealth because my ancestor’s feudal lords stole the value of their labor. That lasted for 1,000 years, or more. Black slaves were only slaves for a few hundred – 1619 to 1865. Heck, my families Russia side were serfs until 1861, and the Polish were peasant serfs quite… Read more »
I would disagree with your 1619 date, but in general agree with the comment – how far back can we go? But besides that, I just want to know, whats “black”? Is Kamala Harris, who is half Indian and half Jamaican “black”? How do you decide who gets the money, and based on what? Do you have to prove that you had a loss? What if you are a black person from Africa who just recently emigrated? There is no claim against the US for that. The whole thing is just another scheme to redistribute wealth under the guise of… Read more »
You are truly ignorant and misinformed. Reparations are pandering by the woke loser liberals that are destroying America and you are right there with them.