-- 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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When these folks protest and that turns into a brawl, the Police need to be released to win that fight. Period. Win and win BIG. Unfortunately Biden is a grifter who will say anything anyone pays him to say and the government in NY is weak and stupid.
The more they can get away with, the farther they’ll go. The Israelis aren’t going to make that mistake again. Neither should the United States. Biden is a weak and feeble President.
Have we had enough of this yet? Time to teach these people that uncivilized behavior will not be tolerated.