-- 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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Buy guns, lots of guns and ammo. 1% chance of social unrest but idleness is the devil’s workshop…
The New Hotness? Baltimore Mayor Begs Residents To Stop Shooting Each Other So Hospital Beds Can Be Use For Coronavirus Patients.
Kind of nuts. Telling all the law abiding people you need to stay in your house and then tell the criminals go ahead and rob, steal and create havoc!