-- 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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Democrats want a 2 caste system in the US. The elite, them and wealthy donors and the poor and poorest. Give everything to the poorest for free and take as much as they can from the working poor and they will be in charge forever because the poorest will never vote their handlers out.
But $50 billion for Ukraine is a good idea. Eh, Darin?
THAT is money well spent, right Darin?
That kind of money sure would go a long way in taking care of are veterans, but know as always worry about someone else’s issues and not are own home front.