-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I don’t care who Sponsors this bill, this needs to be done. How about China owning most of the pork farms and that alfalfa farm that is foreign owned? The US needs to protect our food chain.
Agreed. The reason orange juice is going through the roof and avocados are doing likewise is because greedy landowners sold their lands and said crops, once plentiful in the US now come from other countries. The farmers in Mexico leveled thousands of acres of corn to grow agave for tequila. Now they have plenty of tequila ( that is on the wane in popularity ) but not enough food. The water gobbling alfalfa fields of CA are almost exclusively owned by Arabic countries that dutifully harvest it and ship it to the Middle East.
As far as I understand it, what you’re describing is capitalism. What Mary Miller is proposing seems to be a form of socialism in which the government is determining who owns the land. I think Representative Miller is pretty familiar with government involvement as her family is involved in agriculture.
Mary Miller another GOP dog and pony show