-- 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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Truckers are the life of this country.
FAFO, as the kids say.
No shipments to NYC.
I wonder how successful this will be. The trucking industry has a lot of foreign nationals who could care less about Trump. And moreover, a lot of those drivers are working for W-2 wages and can’t tell their boss ‘no deliveries to NYC’.
Liberal thinking goes like this: “I don’t care about a boycott because I don’t get things from tuucks. I get things from stores and restaurants!”