-- 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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Illinois is an economic disaster and only getting worse. The Public sector has destroyed all opportunities for everyone.
All of my friends are still crushing it and they are all in the private sector. Stop making excuses. If you aren’t succeeding, that’s on you. Must be sad to blame your failures on others.
Apparently WalletHub didn’t factor in PPF’s friends who are killing it in Illinois. I’m sure they will promptly update their rating once they get this vital information.
Teacher unions win the gold medal in the sport of blaming their failures on others. And yes, it is sad.
I couldn’t find any wallet hub report that show all opportunities have been destroyed. Just more lies.
I thought we already stipulated to the common sense observation that nothing applies in 100% of cases. Maybe nitpicking and accusation of lies are more comforting than basic common sense.
I don’t need no damn education; I’ve got common sense! Well, prey tell, who determines “common sense”? Chances are it’s the guy who used that as his rationale, thinking the whole of humanity thinks as he does. The problem there is that each such bloviator has his own version of common sense.
Bad form to write “prey tell” when you are trying to insult someone about a lack of education.
It’s unfortunate the concept of common sense seems to be confusing to you. Luckily for us, our ancestors understood the concept very well.
Picking nits is your response? As to your 2nd remark you seem to be forgetting something where major huge numbers of people disagreed in this country Big Time—the Civil War. Common sense has never been nearly so common as your concept suggests. It’s mostly only common to the daily thought process of the person making it along with those of his closest friends, perhaps in a best-case scenario. Outside of that you’ll find it’s increasingly uncommon most times, amigo.
I agree that common sense is increasingly uncommon among certain segments of the population. Most of them hold positions in the public sector. Lack of common sense is especially prevalent in our schools. How else to explain the confusion over what is a woman?
The real world has far, far more shades of gray in how we experience it than true black or white choices. That’s why “common sense” is not so common. People tend to see things through their own perspective rather than a fits-all-cases sense of universal agreement. But, in general people who agree tend to exaggerate and extol their viewpoint enough to claim it as common sense when it’s simply an agreement within a segment of society.
You may be right, but that is why results matter. Anyone can advocate for any idea, but only real world results can determine if those ideas were correct. This is why trying to camouflage results is counterproductive.
Nowhere is this tendency more prevalent than in the public sector. We have decades of results to show bad ideas don’t work, no matter how much you try to advocate for them.
“Most of them hold positions in the public sector.” I’m guessing that’s your subtle version of a slam, but I’m of the opinion people public employment are forced to work with a wider set of ethnic and ability groupings than are many private employees. That tends to make them slowly start accepting such people, their lifestyles and different ways of thinking. My guess is that there is a greater percentage of private employees who are able to associate far more often with a lesser spectrum of people, meaning their value system likely is challenged less often.
WalletHub’s estimation of anything is about as reliable as Joe’s press secretary’s account of anything.
That may be true, but citing one’s friends is not effective evidence against WalletHub’s claims.
For the record, I cited friends because Leaving left me an earlier comment where I provided facts about very few residents leaving illinois when taxes are raised. Certainly not enough for current elected leaders to care about population loss to change their ways. Instead of refuting the data he responded by saying that was a lie as EVERYONE he grew up with has since moved out of state. As if some how his friends were indicative of an entire state of people. I was giving him a back the very same “evidence” that he provided just earlier on another thread.… Read more »
It seems we agree on several things. Short of physics, no general statement applies in 100% of cases. It is valid to gather statistics that provide useful information, but we understand the general trends do not necessarily apply to each individual within the group. Citing exceptions does not make the data about the group false. Not news, I know, so surprising to see you go with the “my friends are doing great” comment. I also agree that people are responsible for themselves in life, but there is no denying that government policies affect the range of possibilities. If this were… Read more »
Why would teachers blame themselves for kids not showing up to school or not showing up to learn? Should cops blame themselves for arresting a shoplifter only to have the prosecutor drop charges? Don’t police officers have far more input into these criminal justice outcomes? They have a union as well. Should a physician blame himself when an obese patient refuses to eat right and exercise? You don’t hold other professionals to this ridiculous standard. The only conclusion is that you hate teachers and want to treat them differently. You have never offered one logical explanation as to why they… Read more »
“so surprising to see you go with the “my friends are doing great” comment.” You responded to my comment but didn’t actually read it. You have a great deal in common with those students that just can’t seem to learn. Let me provide the portion of my comment that addressed this. Time to start taking some responsibility for your inability to learn. Instead of refuting the data he responded by saying that was a lie as EVERYONE he grew up with has since moved out of state. As if some how his friends were indicative of an entire state of… Read more »