-- 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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Teaching this to student organization leaders. Nice. A great example why most all parents should coach their young adults to avoid NIU. Plus, you will most likely get more financial aid from a school out of state. We spend our money on pensions, not students.
There is no one more anti-black than blacks themselves, and of course their masters, the Democrat demons who lord it over them. Of course, not all blacks are this way but the problem with grouping people, or allowing the narrative to always be about “group” as opposed to persons, merit, virtue is that you have to deal with your group as a whole and the problems it has. And the blacks have a lot of them, and they aren’t pretty.