-- 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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JB’s and Biden’s pro Chinese ties need to be cut. That plant is now purchasing property that abuts Com Ed line. China should be banned from operating any business or owning any land in the USA. Couldn’t they find an American company?
This will be the most environmentally NASTY site in Illinois is this isn’t stopped, battery production is just horrible for the environment probably worse than disposal.
They know that and don’t care cause they all MAKE MONEY…..screw the citizen