-- 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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A man needs to develop interests and hobbies early in life, that’s what men do. Then those interests grow or change into productive skills that the market will reward. If a boy is only into porn, drugs, sex, gaming or longing for the latest pair of sneakers, they will be adrift with no driving passion to “make” something out of wood, metal, software or intellect. It is largely the job of fathers to do this exploration into finding their passion in life. A passionate skill is the most rewarded thing a man can possess. A culture of welfare and lack… Read more »
First, many young black men have no positive male role model in the home (strike one). Second, many are growing up in a one income home, so they know affording college is unlikely (strike 2). The city has little or no money to address the issue because of pension obligations (strike 3). Chicago protects illegal immigrants, which compete for the low end jobs (strike 4). Chicago mandates a higher minimum wage which causes Businesses to automate and/or relocate out of the city (strike 5). Do I need to continue?