-- 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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Tell me again how Chicago taxpayers who have no ties to slavery should be responsible for payments to ancestors of an injustice that happened over six generations ago in another region of the country?
Because the Democratic base wants it. It’s kind of like “because I said so”.
They should create a sub-subcommittee to investigate the subcommittee.
something for nothing
Reparations? How about reparations for the Japanese Americans who lost everything and were put in internment camps?
That’s a group that deserves reparations.
Dead broke Chicago is focusing on this nonsense while the city it is an unflushed crime toilet