-- 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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The rhetoric of calling Trump and all 75,000,000 of his voters a domestic terrorist is really bad. The Hutus started calling the Tutsis cockroaches in the months before they began chopping off the hands of their enemies with machetes. The reason they are doing this is because they know Trump and his supporters are still strong. They have only a 51-50 lead in the senate and a slim majority in the house, along with a very weak president in the middle of a pandemic and coming recession. Any weakness they can create with their enemies makes them only that much… Read more »
Jokingly I add that maybe there is one or two of the demoncrats who will decide to not follow some of the insane proposals that have been tossed around by Dementia Joe and Wiilies Ho. I doubt it, but there is that word hope. Sadly, if you ask anyone who hated Trump for a reason why they could never give an answer. Nothing in the last 4 years has infringed on the rights of any citizen but the demoncrats want to attack and destroy 74 million who they detest for no reason other than for supporting Trump, who I believe,… Read more »