-- 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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Summer of Maximum Super Duper Joy is gonna be a gas. The Dream Team of Brandon Johnson, Kim Foxx, Tim Evans is going to do what to ensure “peaceful protests” stay peaceful?
BJ is right about one thing. The DNC won’t resemble 1968. In 1968 CPD was able to keep some semblance of order. For 2024 it will be an anarchists free for all of looting, burning, violence and destruction. The Democrats have nurtured, coddled and trained their Brownshirt army and will unleash them upon all political opposition. In 2020 the DNC’s BLM and ANTIFA brownshirts intimidated voters and Democrats think that it helped them to beat trump so 2024 will be an even more extreme repeat of 2020 but with the Hamas members joining the mayhem.