-- 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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Sure, it celebrates “change”—but the kind that comes with skyrocketing inflation, the collapse of civil liberties, and an economy held together by duct tape and wishful thinking. It’s a vivid, modern-day stained glass window to the apocalypse. Behold, 35 vibrant glass panels inspired by Obama’s Selma speech—an abstract monument to “change.” Not the kind of change that uplifts, though—more like the kind that turns the U.S. into a playground for oligarchs, with useful idiots in office. Each chaotic swirl of color is a reflection of how a once-great nation slips into socialism, one piece of art at a time. This… Read more »
Is it bullet proof?
Like installing heated towel racks in an outhouse, lol…
Looks like a church. I don’t worship the false god it honors.
A more horrendous excuse for stained glass windows nobody ever saw.