-- 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
These LOSERS and HATERS are the backbone of the Democratic Party
The oppressed/aggrieved/resentment industrial complex would be far better serving people by recognizing that just being born in this country is a leg up on most of the world. Teach kids that opportunities here are endless for those willing to work at it. No, not without struggle and hurdles but life is partly about overcoming them.
Hmm.. does then one take a step back for every dollar that they earned paid into the welfare complex since 1964? How about every instance of Affirmative Action, etc ? One could easily backstep from here right off of the Atlantic shore.
Good one. I’m taking some steps back for my parents being lower-middle-income, for having to work summers to afford college, for every job offer I didn’t get because it was given to an affirmative action candidate, etc., etc., etc.
We might be walking backward next to each other.
Yep. Unfortunately, there are a lot of misguided people out there who think anyone who is white and has money is privileged; also, anyone who has focus, drive, intelligence, work ethic, and is an upstanding citizen.
https://intersectionalityscore.com/
Now you can play at home.