-- 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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Briben for Prez in 2024!!
The US is increasingly becoming a laughingstock as Dementia Joe mumbles, bumbles and stumbles around the country, and world. It’s like watching the talent show at the senior center. It’s only going to get more pathetic, and eventually he’ll either stroke out or hurt himself badly in one of his falls. This is elder abuse in action and in living color. I’d feel bad for him but he, and his entire family, have taken advantage of this country at every opportunity.
Only with a teleprompter and cue cards. God Save the Queen,Man!
Uncle Joe must not read the papers. Chicago as a forum to talk about his great economic accomplishments? Wow.. What a staff screw up.. We all know the many many bad econ stats here, so it is going to look like absolute buffoonery to give a speech anything like that here. Can’t wait to hear it.