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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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Being the first time I’ve pulled up Steinberg’s blog in a few years, I see his TDS has advanced to Stage Pi.
We’ve all been blaming TDS for so much, including me, but I am starting to wonder: Is the madness that has befallen America a sign of something bigger? That is, maybe TDS is not the cause of the madness but a result of something bigger. Is hatred for Trump behind all the madness or is hatred for Trump just a manifestation of it. My endless quest to understand the mind of the modern left has me wondering.
TDS is the manifestation of the left’s frustration with our resistance to their revolution. There are 62,000,000 people who voted for Trump, and likely millions more who agree with him but didn’t vote. We also have nearly all the guns and achieving their revamped vision society isn’t likely to happen through the ballot box, not with that many conservatives in pockets around the country opposed to their policies. So they scream at the sky, silence our speech, call us the nastiest of names, and cancel us. Unfortunately, if there’s anything underlying all of this, it’s bloodshed that will be coming.… Read more »
Am I the only one who finds this incoherent?
No. It’s very incoherent. All I got was that he hates fox and thinks trump will win a second term. I think he was trying to say that BLM is specifically about the 9 unarmed black men killed by police each year. And 9 nine men – common street criminals – are more important than the life of the three year old, or the 100 other people shot, because it was done under the color of law. The black community can solve its own problems without the police coming on in and killing those 9 black men. And I think… Read more »
It’s like Neil Steinberg wrote his thoughts down as they popped up in his head at a therapy session.