-- 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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psst… People don’t like getting shot.
The downward spiral that began with the’68 riots, followed by the roller coaster ride for the next 40 years that was finally realized in 2020 on St. Floyd’s Day is clearly the fault of divestment by mean ole whitey, not businesses tired of being taxed into oblivion while fending off corrupt politicians with their hands ever out and a garden variety of thugs stealing from them and threatening their lives, right professor Brandon?
disinvestment definition: unwillingness to throw good money after bad
A poor education system, taxes out the ying yhang, and government regulation out the whazoo compounded by poor political leadership that keeps doubling down on the same policies. What could possibly go wrong?
The loss is deeply rooted to the desire to stay alive and not be involved in the Mau Mau
Uprising, nothing like starting the day being
Mugged by a bunch of black kids, oh I’m am so sorry they are only funnin.
Look in the mirror bj……..horrible leadership