-- 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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The value of life to the demons in power in Chicago means nothing. The life of a cop, a firefighter, a mom, a baby, an innocent woman riding public transportation, a senior citizen, a shop owner are meaningless isolated incidents.
If the citizens don’t vote and throw the vandals out, starting with the mayor and the governor, then The Outsider, Trump, should take action. The left will characterize this as civil war. We should not be misled by evolving definitions of terms like” war” and “democracy” or fall for “toxic empathy.” Whatever it’s called in the MSM, it is a battle that can be won and in which collateral damage can be minimized. The adversaries are few in number and weak in organization. Down & Out is where they should be taken before their numbers grow. NOW is the time.