-- 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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My wife and I decided we will no longer vacation in any blue state. We simply refuse to spend our money where it helps support crap like this.
You should revise your policy to no blue areas not not blue states. There are plenty of amazing places in red counties in blue states; why should they be punished? I was just in WI which, due to outright fraud, is not a blue state, but I didn’t visit Milwaukee, I went to a lake house in a very red rural area.
That explains the massive migration to red states from failed blue states. C’mon man, non-existent voting restrictions, and a small numbers of transgenders, do not cause massive shifts in demographics.
CNBC has now fully joined NBC and MSNBC as being completely worthless. You couldn’t pay me to watch that garbage.
Bullshit!!!