-- 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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Budweiser handed over the largest Bud distributorship in Chicago to Jesse Jackson to buy his silence on race issues at Budweiser. This was an early example of Didn’t Earn It in action. Extortion by any other name is the same. Gimme. Gimme. Gimme. JB the Hutt and other Illinois political animals charge BODs of companies in Illinois with being racist in their Board Member selections. The Hutt and his henchmen’s solution is to force companies to be completely racist in their selection of Board members. Do protected minority board members ever think that they might have been judged by the… Read more »
After everything that has happened in the last 4 years, this is why Illinois and Chicago are hopeless. What idiot in their right mind is still focused on this Bull dung and absolute insanity? The answer is someone who lives in Illinois. You know. Sub-humans.