-- 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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Both Larry and One Man Exlipse have stepped on their proverbial pee pees now. People see thru the BS now. Well at least everywhere except Cook County where the majority of citizens dont do math and are apparently lemmings.
If your the dem machine–the game plan is at least keep the jb martial law lockdown going til november. Preckwinkle just got hers extended another 2 months–thats the only cards they got to play against the overwhelming math. If your one of the 100s of thousands who loose your job or business your just collateral damage towards “building the post-covid world” for the gov worker paradise and “fight for $15” for the rest of us chumbalones
I wonder what scientist has told Dictator for Life Jabba that when a covid vaccine is produced it will be 100% effective and 100% safe
Bill Gates. I only wish I was kidding, man. The world may be new, but she’s far from brave.