-- 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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Same bovine defecation as in all of human history. When the Nazis (the real ones) invaded Poland in 1939, the statue they bee-lined to demolish was the Grunwald Monument (https://en.wikipedia.org/wiki/Grunwald_Monument) because it perturbed their sensitive identities of a grand and powerful prehistory. And here we are again. I liked growing up in the 70s, lots of ‘never again’ adults then, who’d seen real strife in their lives. Now that knowledge has died away, and we’re left with this societal chafe masquerading as something substantive. Put the statues in a safe place until the current generation of asshats destroy themselves, so… Read more »
The residents of Chicago today are not the progeny of Chicago’s forebears. Most are not of or from Chicago and they have little interest or use for the ‘white’ history of Chicago’s former residents, whose descendants now mostly live in the suburbs or elsewhere. Today’s residents share no common history, institutions or beliefs with our forebears; they merely happen to occupy the same land at a different point in time. Unless the demographics of Chicago radically changes in the future, those statutes are doomed. I’m sure the Indians had a name for the Des Plaines river, but whatever it was,… Read more »