-- 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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It’s pathetic that despite living in the New World, these losers continue to fight their grandfathers’ grandfathers’ ethnic battles. One moves to the new world to leave these petty old world ethnic battles behind. Yet, here these losers are, marching in the streets and high school hallways, thinking that it’s cool to have an opinion over the literally 1000th battle since the Bronze Age, between the Yahweh worshipers vs. the Canaanite Ba’al worshipers. This nonsense between them has been going on since they left Egypt and fought the Moabites, the Elamiates, the Jebicites, and so on during the time of… Read more »