-- 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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Pritzker could care less about the realities. To him all that matters is headlines that say to the effect of “Pritzker brings green battery plant to Illinois” and the fish wraps are sure to print them as they fawn over the Democrat party idealism. What a way to run for President by destroying things yet generating praiseworthy headlines from the media as they will spin it.
History teaches us that men learn nothing from history. In the 1930s America routinely sold scrap steel and oil to Japan.
We received it back on a Sunday morning in December, 1941!
Pritzker Ignores Communist Chinese Genocide Of Muslims, To Virtue Signal On Electric Cars — CARS THAT NO ONE WANTS, NO ONE CAN AFFORD