-- 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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AOL is still a thing? Who knew? Anyway… In the defense of this bogus “study” paid for by Federal taxpayers, Jenna Barnes wastes no time in this barista audition piece to cite the allegations of the America Library Association: “The American Library Association is challenging the Trump administration in court. Illinois is also one of nearly two-dozen states suing because millions of Americans, especially in underserved communities, rely on the work of the IMLS.” Jenna does her level best to play to the heartstrings of the AWFLs, the sole remaining audience for State Media tripe like that presented by WGN.… Read more »
Barista audition piece. That is hilarious!
And cue the “ I didn’t vote for Musk!” pouters that see nothing wrong with wasting tax money on studying the difference between a lion and a tree frog. Truly stupid people.
😳 More tax $$ wasted for this. Why study this, just ask the animals what they have to say. I bet they think we’re so stupid to ask this stuff, they’ll refuse to answer! Like I would! 🤔