-- 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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Let’s be clear. China virus and its response are both man-made disasters. The size of the disasters depends on the character and ability of those in leadership positions in our society.
It takes a really big man to make really a big mess and that is exactly what the voters got when they ignorantly voted for J Beluga Pritzker.
“The COVID recession does not look like a normal recession,” he said. “It’s part natural disaster and it’s part war.”
Well, he certainly got that one at least half-right. It’s a war alright; a war against small business. the American people and the U.S. Constitution. As far as the “natural” part, I’m not at all convinced of that at all.