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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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Hmm, do they have a fatherhood department?
The problem, at its core, is that the value of these ‘fathers’ is less than the value of the benefits the government gives the single mothers. This funny meme from Twitter kind of sums it up. There is still the biological urge to procreate but too few ‘good’ men to support the women and children. So women still have the children with the loser men understanding there won’t be any financial or emotional support.
The issue a larger cultural one where its difficult in today’s world for men to get ahead without a college degree. And college degree these days has a strong relationship with married. There’s a huge age gap between when college educated women (and married women) have their first child and when non-college educated women have their first child. This NYT article shows the difference. An unmarried women in Cook county has her first child at 23. A married or college educated women has her first child at 30 or 31. So these young people having children in this really expensive… Read more »