-- 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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Motorcades for Democrat Elites in the express lanes is just like the special roads and lanes in Moscow for the Politburo and elite Russkie politicians. Just another notch in the kettle’s temperature of the Democrats slow boil to communism.
Spot on Tommy. One side note: Nikolai Podgorny made his limo driver obey the speed limit as he didn’t want to set a bad example!
More fun than a barrel full of monkeys!
Even more gridlock when the Hamas fan club shuts it down with Mayor Playa’s blessing.