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.
Any Illinois fiduciary who “invested” in Russian stocks needs to be fired.
Putin is reportedly distraught and even suicidal over this stunning news. Putin and Russia must either bend the knee to the fat man or face the complete collapse of the Russian economy