-- 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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I’ve mentioned this same thing here before. The left are so rabid to get rid of Trump that they’re willing to burn the house down around themselves.
The means is power and the ends is power.
The rest is just pieces on a chessboard to them.
Right you are. And too many useful idiots just go along with the narrative without asking questions. Like how Nadler’s impeachment circus is just a personal beef from when he was an NYC official back in the 80s and Trump built a development he didnt like.