-- 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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Porkulus Maximus should be careful. Push back can happen in both directions and he might not like it if it happens to him and his leftist cohorts!
I really like da Gub during covid press conferences every day. I would turn down the volume. Watch the guy doing it in sign language. Even though I don’t know sign language. It was heavenly
Waddles is the first Dem to throw out epithets like “ Hitler “, “ Nazi “, “ Facist “ etc. and the first one to try and shrug them off and spew his “ peace, love and dope “ visions that other libs share as realistic.