-- Connecting the dots between our economy, government and business --
"Chicago and Illinois are in trouble. You know it. I know it. Your neighbors know it. Yet, somehow, it’s considered rude, bordering on sacrilege, to acknowledge in polite company. Best to sweep this inconvenient truth under the rug. To obscure it behind a façade of inspiring lakefront imagery."
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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So, how will this ‘fever’ be broken? We know the answer and it’s an unpleasant one. The brilliant painting by Cole.
Leave before it’s to late.
All those fancy words when he could have just said communism. It’s not socialism, it’s communism. Your understanding of the definition of is wrong. What you’ve been taught about communism is wrong. Communism is not “a social system in which property and goods are owned in common” or any other academic wonky discussion of forms of government. Communism is society’s malcontents giving power to one group of people with the understanding that they will punish and destroy the malcontents’ perceived enemies. That’s all that it is. The ideology underpinning communism is window dressing and varies throughout the communist countries. The… Read more »
these ideas are not my own, but belong to an twitter pundit with a podcast and a syndicated radio show..
You forgot the CPS
https://stuartloren.substack.com/p/the-anti-social-contract?r=ob4e&utm_campaign=post&utm_medium=web
the article link is not working
Fixed now. https://stuartloren.substack.com/p/the-anti-social-contract