-- 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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Leadership in the trade unions, which are technically non-profits, is virtually all-male and majority white. I’d wager you’ll find more diversity on the typical corporate board and leadership than any trade union.
“ I’m from the government and I’m here to tell you how to run your business, er, help!” This from a billionaire trust fund baby most feel couldn’t manage a lemonade stand.
“…gender, racial and ethnic diversity…”
Gender, race, and ethnicity are accidents of birth, not any indication of an individual’s capacity or achievement.
What about education, qualifications, experience, communication skills, empathy, and a proven track record? No history of activism would be a good qualifier as well, perhaps THE best qualifier.
Stupid (and cowardly) chickens!