-- 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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The Jewish student’s group pushes an anti-Israel policy. She doesn’t understand that the Muslims will kill her or make her a dhimmi if they prevail. I think this is similar to the attitudes at the Israeli “peace festival,” before the attendees were murdered, brutalized and kidnapped by the Palestinians.
Mark, I congratulate you and your team for all the articles you link to! Reminds me of the Drudge Report, when Matt was running it, but without the sensationalism and perversity.