-- 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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She’s a slick one. Attaches herself to Trump due to his stunning victory, but throws out a very Kamalaesque word salad about karma at the latest town hall meeting.
Henyard’s term in office resembles Biden more than President Trump. The entitlement and grifting having been well practiced by the Biden Crime Family since The Big Guy’s days as a low-IQ Senator grifting from a ridiculously Blue State.