-- 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
Mayor Conehead will just fart unicorn dust and it will turn into money that can be paid to people who were never slaves and have lived their whole lives in lotus land. All the while being a drain on resources derived from people who never owned slaves.
Marxist insanity!
Hmm….is there a fund for decendants of Union soldiers killed in battle trying to end slavery?
It is true that Blacks in Chicago were economically defrauded. In North Lawndale, South Shore, etc…. Blacks were redlined from getting traditional mortgages. These neighborhoods were predominantly Jewish. The Jews would sell the Blacks real estate on private contracts. The Blacks would miss a few payments and the Jews would foreclose, get the house back and sell it again. The Blacks lost all the equity they had accumulated. Jews were making 6 figure money in the 1950s-60s off this business. This doesn’t take away from the fact that current Black politicians in Chicago and Cook County are clueless clowns, but… Read more »
Another 500K for those on the “ friends and family of Six Percent’s plan “. I don’t recall how many blacks were brought to IL/CHI unwillingly and in chains, but I’m sure the number is minimal at best.
$500,000 dollars. Five Hundred Thousand Dollars. WTF. For what? Again, more graft and BS from the guy who is going to head to Springfield and demand “his due”. More Money to crap away on idiocy. Stupid moronic decisions.