-- 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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Coincidence…?
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Proving yet again this was never about “the science” nor was it about the “virus”, it was about making damn sure Donald J Trump was run out of D.C.
I have no respect for any of these people. They crushed businesses and destroyed the lives of hard working American immigrants who busted their asses making small companies run in our cities and villages to have these billionaires take away the “American Dream” from the most vulnerable.
“it was about making damn sure Donald J Trump was run out of D.C.”
Yes, this was one reason. The other is that they were mimicking other European and five eyes nations that went into full lock down, to act like they were doing *something*, full well knowing that BIPOC and Trump Supporters would be hurt the most.
Insidious and evil, really.