-- 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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Seems like a way to increase salaries and pensions for high seniority police officers.
How many jobs would be affected like Rivian or Stellantis if Trump cuts the EV credit? Maybe there should be a smaller credit for hybrids and the Belvidere plant would reopen but JB is steadfast on building 100% EV’s plus the incentives by the gov are most likely contingent on not building ICE or hybrids.
https://www.yahoo.com/finance/news/not-trivial-ev-sales-could-drop-nearly-30-if-trump-repeals-tax-credit-194135070.html
These misguided idiots defunding the police this way seem oblivious to the fact that it is most harmful to minorities who live in the worst neighborhoods. It’s harmful to business and drawing people to the city to live and for entertainment. The biggest question is who benefits?