-- 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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Amazon is literally the worst. There are hundreds of thousands of other online retailers trying to eek out a living because degenerate liberals go to Amazon for all their shopping. It’s literally as easy as not typing “AMAZ…” in your web browser. Then they complain about millionaires and billionaire not paying their fair share as they willingly fork over thousands a year to Jeff Bezos.
Do you know if Amazon is getting any tax credits? There may be 5 or more years of no or reduced property tax’s which is then passed on to other taxpayers.