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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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It’s going to get pretty hot on that roof in the upcoming weeks/months, with the sun beating down, and temps exceeding 110 degrees…more like hell than heaven… But as the bible says, God helps those who help themselves, this man should stop asking for a handout, and instead, emulate the monks or the sisters of the various orders around the world that have created self-sustaining enterprises, such as breweries, or making jams, or running food pantries, or rehabbing homes in the community. I’m no sage, and no one can understand God’s will, but if camping on a roof for 100… Read more »
Interesting analysis. I’m a fan and supporter of the pastor and believe his vision would make a difference in the community. Growing up in Chicago I spent a lot of time at the Wrightwood Park and field house and at Christopher House on Altgeld. Those two locations were magnets for kids.
My question is why haven’t some of the super-wealthy stepped forward to help? Perhaps they share your pessimism about the fate of the Woodlawn community.
Only time will tell.
No super-wealthy have stepped forward because 60 years of handouts have not solved any problems in these communities. It’s throwing good money after bad. I’m not much of a religious guy but the bronze age morality of the bible does provide guidance. Sometimes communities are wicked and there are few good men in them. This pastor might be one of the few good people trying to give pearls to swine. There’s nothing wrong with providing care and help to the poor – but often, those religious orders focused their attention in areas mostly receptive to their teachings in the first… Read more »
Real reason is someone stole the ladder and he can’t get down.
Lol… I really admire this guy, but he’s pretty much just shouting into the wind…