-- 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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More Biden Bailout Bucks For Bureaucratic Dumping Grounds — Full Employment For Lazy Brother-In-Laws
When they said living wage, I didn’t think they meant that literally.
Living wage? They outta call it a killing wage.
I guess this is what they mean by fight for 15.
Next thing you know it’ll be trample for 20. Hemorrhage for a hundred. Murder for a million.
Good night, folks.
They’re not hitting the streets, they are going into the pockets of corrupt political insiders.