-- 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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Go woke, go broke.
Disney appears to have not learned this simple equation, neither has Chicago.
City Is Mismanaging Funds Based On Woke Nonsense Crapola, Instead Of Sound Investment Advice
More hairbrained lefty nonsense from officials who have no idea how to generate positive results for citizens Forcing banks and financial institutions to oversee firearms and bump stock problems? Chicago police, FBI, Sheriffs offices, ATF and multiple law enforcement agencies can’t solve the problem– so , hey, let’s let investment bankers and bank loan officers tackle it. Brilliant idea.