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"Minorities and the poor would do well to question the progressive equity agenda that takes more and more and gives less and less."
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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Fantastic Vallas article. With Illinois/Chicago being the undisputed capitals of racial inequality and ever escalating taxation while bizarrely championing every equity cause…….is what else can be concluded other than Illinois/Chicago are the national capitals of EQUITY HUSTLE. The only moral question for those who remain as faithful believers on the left & in press, who aren’t in on the $scam$, is EQUITY FOR WHO?? New Machine CTU??
This situation is not surprising. All our tax money goes to the government employees, whether state, county, city (municipal workers), schools, townships, libraries, etc. These people are all highly paid, and have pensions and healthcare benefits are beyond those in the private sector. And the screwy thing is the private sector workers are requires to fund all this excessive compensation. Also, it appears the public sector employees are not satisfied and want more. Don’t believe this? Just watch the Chicago Teachers Union contract talks this year. The system is rigged against the people at the bottom, hence no closing of… Read more »
TICC,
Exactly but there is still Illinoisans like Dave Hardy who think you can change things for the better.
Rauner tried but Mikey Madigan shut him down.
Things can be changed for the better. It will have to get much worse first, but they can be changed.