-- 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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Why, it’s time for the black community to stop extortion of every business and institution in America. This has to end. Trump must be re-elected. These people are destroying our country.
Individual business owners should be able to chose what company helps repair the damage to their stores done by the looters. The Government should stay the hell out of private business decisions. Clearly the City, County and State governments were ineffective during the looting, but now want to be involved with the decisions about rebuilding Ridiculous.