-- 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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It’s a well known fact that all Illinois farmers are systemic racist trumpsters!! All Illinois farmland must be confiscated by eminent domain ASAP!! All farmland (and profits) must be redistributed as reparations to low income people of color from Chicago and indigenous peoples (kinda like Zimbabwe land redistribution under Mugabe)!! All previous farm owners shall be forced to “work the fields” as “indentured servants” to their new masters as re-education ( kinda like the Chinese communist re-education camps under Mao)!! Or, just tax/ confiscate all farmland, profits & futures for are TIER I / guaranteed $multi-millionaire$/ retire at 55 public… Read more »
I know you say this in jest, but in my lifetime, Illinois will try to implement South African style land and agricultural reforms. The logic being that IL in its early history, although a free state, prohibited black people from living in the state, so that black people were unable to get a foothold into the homesteads, which turned into family farms, and now, 200 years later, inequity continues. Illinois already has an Equity Agriculture Programs which “specifically support[s] socially disadvantaged farmers, or which can be utilized by socially disadvantaged farmers.” It’s a hop, skip and a step away from… Read more »