-- 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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Just remember, if you’re not doing well in society, it’s society’s fault; especially older white males. With that mindset, reparations are justified for many different reasons.
Um.. no. The communities cited began their downward spiral in 1964, with the advent of the one parent household. Add in riots that drove out businesses( and continue to drive them out even now ), a wink and a nod attitude towards criminal activity, high truancy rates in schools and the shame of relying on social services to survive replaced with pride in “ gettin over “, and you have all the ingredients needed for the mess that is the south and west sides of CHI. And, so glad the legalization/ normalization of pot has ended the turf/ gang wars… Read more »
The turf/gang wars are slowly ending but not as a result of legalization/normalization, but instead, because hispanics are taking over their turf…and competing gangs are suddenly realizing that it’s better to stick together and cooperate instead of being steamrolled by the Venezuelans, who truly hate them and look down on them in most racist of terms.
Another effort to just extort money from the people who actually work for a living.