-- 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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But Trump hasn’t been impeached. The house voted to impeach, and it passed, but until they send it over to the Senate, it’s not an impeachment. Its just an impeachment vote. There will forever be an asterisk next to this impeachment because hasn’t actually happened yet. Democrats and pundits alike want to deny this basic fact but Trump still hasn’t yet been impeached. Smart people ‘in the know’ all agree with this basic premise.