-- 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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It’s called global cooling. You will never hear those words from the left.
Radio Pravda needs to realize that this was a truly sub- par April weather wise. If not mistaken, the few decent days of weather resulted in “ youth gatherings “ that resulted in shootings, stabbings, fighting and I’m sure shoplifting and vandalism. A long, hot summer will tank Six Percents lofty expectations of “ only “ 500 murders, which is a pretty low bar and more homicides than in larger cities.