-- 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 thought there was only 3 stooges but 4 will do.
Tone deaf ‘Bidenomics’ is a running joke in economic circles: high inflation, teetering between grown and negative growth, constant downward revision to fake economic numbers. This period will not be remembered kindly and Biden’s team knows it. Hence, the revisionist fake history putting a positive spin on this overwhelmingly negative and demoralizing era. The coming crash from commercial real estate – whenever one party on Wall St. finally blinks – will bring about a recession right in time for the election. Trump will be campaigning into November 2024 on the disaster that was Bidenomics. Which is par for the course… Read more »
Joe destroyed the economy with his unqualified, but incredibly diverse, cabinet. One idiot after another sitting around the table, and a complicit House and Senate. The result was rampant inflation from excessive money printing. So delusional was Joe that he saw it fit to give Janet “Chicken Little” Yellen another chance to ruin the American economic engine through utter incompetence. Now they try to tell the American public that high inflation is exactly what everyone needed. What a joke.