-- 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 want to see how it all works out when the city is powered by Unicorn farts and rainbows!
Take your virtue signaling and shove it!
Maybe they can invest in rubles instead.
When the lights go out, because the solar and wind power-sources failed, will our woke politicians distribute battery-operated LED lanterns and barbeque grills?
THOUGHT FOR THE DAY: WHERE DID VLADIMIR PUTIN GET THE MONEY FOR HIS DESPICABLE WAR ON THE UKRAINIAN PEOPLE? FROM FAILED PRESIDENT JOE BIDEN. BIDEN’S SHUTDOWN OF US OIL INDUSTRY MEANS THAT THE US NOW BUYS NEARLY 250 MILLION BARRELS OF OIL A YEAR FROM PUTIN. AT THE CURRENT PRICE OF $100, THAT PUTS 25 BILLION DOLLAR A YEAR INTO PUTIN’S WAR CHEST.