-- 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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Chicago and other Democratic Gardens are all hot mess! The only thing left for them is a “soft martial law”. We won’t shoot unless we have a reason!
Obama knows Biden is tainted goods, a “sinking ship”, et al, and wants wide berth from him. Kamala probably got an invitation, but was denied permission to attend by Biden White House “they tell me who to call” micro-managers trying to salvage Biden’s presidency.