-- 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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Rest assured, he’ll be spending his days and nights diligently working to root out every last white supremacist in the Chicago area. There’s a reason why a counterterrorism pro is put in charge of a major field office, and it ain’t to go after cartels, gang bangers or white collar criminals. Biden’s FBI appointee Christopher Wray has made himself clear: Leave Them Corrupt Democrat Politicians Alone! Go after our political enemies instead, it’ll be great for the 2024 presidential race!