-- 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 send a few billion dollars more to the Ukraine, after all Hunter and Slow Joe have been paid a lot of money by Ukrainian companies over the years. No sense in letting the biden’s golden goose die.
And IL wants to eliminate natural gas so we’ll be 100% dependent on electricity for heat and cooking too.
To what end? Satisfying the new world order as dictated by Davos billionaires?
Our politicians are stupid chickens!