-- 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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Beat the rush. Own future ocean front property in Harvey….
One of Def Leopard’s better albums.
One thing is certain, the climate will change. These idiots just don’t know how it will change.
Sun-Times Editors Wet The Bed With Climate Panic Peddling
LOL, these people are climate nutters. Last decade I planted a honey locust tree in my yard because scientists claimed that it was drought and heat tolerant. In the following two years, we had record flooding in a year, followed by a polar vortex with -10 weather for weeks on end. Shortly after that, we had the infamous “Mays” where May of 2018, 2019 and 2020 were the wettest Mays in Chicago’s recorded history. Now these people are back to the desertification of Illinois nonsense like the Sahara changed 20,000 years ago or something. And it’s all because we are… Read more »