-- 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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Golly Che everyone Oklahoma is a beautiful place
Inflation and farming: two topics about which Mr. Biden is clueless.
Biden can not do anything to meaningfully impact inflation in the short term. He is absolutely desperate at this point. The Dems and the complicit media will be trying any number of things to distract the voters. But every time you buy groceries or fill up, you’ll know who to thank. Joe did that!
How about telling the Fed to stop buying $120,000,000,000 A MONTH in commercial and mortgage backed securities?
Debtsor … stop being so practical! Politics is an EMOTIONAL game.
I thought the Fed just announced they would be reducing purchases last week, but I could be wrong. The horse is out of the barn and down the road at this point regardless.
They keep talking about tapering ….and there’s been a little bit…. but why are they still buying any bonds and securities at all?