-- 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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Ask this Dick if it’s better for a smaller default now or a much larger one later (and not too much later). Ask this Dick if the constant out of control spending will result in an inevitable default. Ask this Dick if he could balance his household budget. Ask this Dick if his household budget would even notice a 1% cut in expenses next year.
Ask this Dick if any of his family members are on the Biden Family Plan of selling out the country.
What a dick.
Loss of funding for vote buying programs among minorities Dick?
There’s two sides digging in Dick. Are you really that stupid? Of course you are.