-- 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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Hope everyone bookmarked Michelle Obama’s calls to Kim Foxx.
And wonder when President Biden and VP Harris walk-back their ardent tweets in support of poor Jussie??
Smollett represents the essence of the Obama’s – fraud.
The Jussie Smollett tale shows that the left is either incapable of rational analysis, or they think they can promote even the most ridiculous claim of victimhood to further their goals. Probably both are true.
The media is ignoring the verdict because he made fools of them. They so wanted to believe the story. They could write endless stories to stoke conflict. Only the darlings from the media latched on to this absurd tale. The political class was falling all over themselves to embrace Jussie. Them ABA KA DA BRA, the story evaporated!