-- 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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More hot air, like revrun Al’s support demonstration at Costco ( where nobody bought anything with the $25 gift card furnished) and the boycott of Target that isn’t happening either. Some folks in the community like to make their presence known to validate their position.
Dem on Dem cage match! I absolutely love it!
This is the expected result of Democrat identity politics and is why the Dem party is on its way out. The Dems cannot serve one master, they have to serve many.
The only question each Dem faction has to ask, “where do we stand on the Dem Pyramid of Victims?”
I’m sure corporations are shaking in their boots. Corporations – for the most part – completely ignore the age 54 and above demo because research shows their spending habits are almost set in stone and with many on fixed or limited incomes, they don’t spend much anyway. They don’t care.