-- 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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What does Barack Obama know or care about small business owners? He has spend a lifetime trying to figure out how to tax and regulate small business owners into extinction. To Obama and most other Democrats, business exists simply as a source of unlimited funding for government and has no other purpose. Large business is barely tolerable because it can be more easily controlled, tyrannized and unionized. Small business is an evil pool of tax avoiding Republicans and must be destroyed.