-- 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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Is that why Biden opened the borders? To supplement states that are losing population?
Or, most likely, to ruin the country.
The other day on a cable news channel, the administration’s chief economist (IIRC) said inflation can be tampered by reducing labor supply pressures. How does the administration reduce labor supply pressures aka rising wages for the middle class? By lowering wages. How to lower wages? He didn’t say, but opening the border with Title 42 seems to be what they are thinking. They want to flood the country with millions of immigrants looking to work to reduce inflation before the election. This administration is so insidious. They can’t stop printing money. They’d rather keep the working man’s wages down by… Read more »
To be fair the last 3 pre-Trump did the same thing, the difference now is it’s so egregious and obvious they are looting the treasury for China’s benefit that they installed a brain dead eggplant in the office to be the face of the scheme. Who knows who is really pulling the strings but we all know they aren’t working for the American people.