-- 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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So Pritzker proclaims churches will be closed. Funny how that guy thinks he is greater than God but, in Illinois, he must be.
So is this where the United States Attorney General jumps in? “ One way the Justice Department might act against state or local officials is by joining lawsuits brought by citizens or businesses over restrictions, Barr said. ” – https://www.bloomberg.com/news/articles/2020-04-21/barr-says-doj-may-act-against-governors-with-strict-virus-limits
JB might wish he didn’t publicly speak on National TV against the President.
As it was stated in the WSJ editorial this weekend, the black swan event was Not the virus. It was the lock downs. Something unconscionable in United States history and Jabba The Hut continues to believe that our personal rights should be suspended. Recall Pritzker!!!
And now someone with a little more gravitas weighing in. Let’s hope this goes where it should.
https://www.zerohedge.com/s3/files/inline-images/SCR.jpg?itok=DtxQ8I5N
I suspected this whole lock down ordeal would turn into an epic constitutional battle between the States and the Federal Gov and this is the first salvo. Get your popcorn ready.
and your guns and ammo . . .