-- 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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I am more shocked that state history is not a required course in Illinois. With that being said, to characterize the state as “quasi-slave state” is disgraceful to any Illinois solider that fought in the civil war. Shame on this guy.
I once read a detailed article about the history of slavery in Illinois, and it said there were a few hundred slaves overall in far southern Illinois near the borders of slave states. IIRC, few if any slaves ever lived in the northern half of the state. Slavery was always frowned upon throughout the state, even in areas where the slaves existed. There were some indentured servants too, but again, it was fairly rare.
True, there more worried about teaching LGTB then the real history, correct governor Pritzker since your the fool that signed it into law.
I know, its mandatory to teach students about heroes of the LGBTQ movement to third graders and above in Illinois now. Disgusting.
Slavery still exists in Illinois, its the taxpayers giving their hard earned money to cronies with literally no voice in the matter
Yup, we’re indentured servents to are zero risk/ zero layoff $6-figure+ overloards..tax payers lives matter! Or do they?
Comparing high taxes to slavery? Wow you are way out there. No voice in the matter? You can vote for your ideal candidate as well as the constitutional amendment to alter the income tax system. If you don’t like the outcome you are free to find other places to earn a living and pay less in taxes. I would love for taxes to be lower and our government to spend our money more efficiently but please don’t ever compare our situation to slavery. Not even close.
Serfdom is a more appropriate description. Those who work perpetually owe the state. Instead of King John showing up with his traveling court taking his payment in kind, the IRS and IDOR will just garnish your paycheck, or worse, your bank account. And instead of King John’s Court, there is the free stuff army instead, who demand their education, health care, school lunches, food, directly from the King, which he distributes to his voters for their support on election day.
My understanding has always been that indentured servitude, which this article conflates with slavery, was extremely common for white European immigrants, and the story about indentured servitude is really about them. Somebody who knows history of that can let me know if that’s right.