-- 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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P U G S LE Y is going to turn a state that had plenty of reliable energy into a California style energy failure
Well what we don’t have is a reliable cheap and clean source of electrical power. Those left wing french people get virtually all their electricity from nuclear power plants. Yes, it can be done even in a blue country…..
French are the smartest regarding energy in Europe.
Germans are Dummkopfs!!