-- 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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Democrats are using the same messaging about crime that they used about the economy during the 2024 election. They insisted the economy was great. All the statistics prove it! Other countries have higher inflation, we should be happy it’s not worse here! You are stupid if you think the economy’s a problem.
Now they are going down the same path with crime. Crime is going down! Other places have a worse problem! You are stupid if you don’t see that!
Looks like they didn’t learn their lesson from the 2024 election.