-- 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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What I don’t understand is why some hispanic in Chicago gives two-craps about a Bronze Age ethnic battle on the other side of the world. It makes no sense. Except, this alder-freak just hates white people. If there’s a struggle involving white people anywhere in the world, she takes the other side. Sure, they may not share her concepts of race and intersectionality, and they’d probably treat her like Dog Excrement in their own country, but that’s not enough to overcome her vitriolic hatred of white people.
Nobody was lobbing bombs until Hamas started it all up again. The Israelis have the firepower to answer that stupidity with a vengeance. They’re going to continue to do it.