-- 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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Uncle Fed is turning off the spigot. Apparently, 39 trillion in debt isn’t enough for JB the Hutt and his minions.
The Uncle Fed spigot isn’t off. Sure Trump has put a kink in the hose but the courts keep telling him they won’t allow it. Today the courts told him he needs to rehire all those probationary employees. I’m not saying I agree with these decisions but it certainly doesn’t look like he is winning these court battles and the Supreme Court doesn’t seem to want to help him.
I believe that these so called “local farmers,” are so called ” disadvantaged minority farmers” if the programs is similar to how it works in my downstate area and some of these “farmers” simply buy produce at the wholesale markets then resell to the various programs. Once again we see a headline that hides the overall reality of the situation from the Illinois media