-- 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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Moderates, LOL. Moderates are the most wishy-washy of the bunch, the ‘half way’ group of losers. Such as agreeing to abortions maybe halfway through pregnancy. That’s moderate, right? 20 weeks is the middle of Democrats and Republicans? Or how about transgender surgeries for minors…well, young kids shouldn’t transition, but if they are 12 or older, sure, full regiment of hormones! Or men in women’s sports “only if they transitioned a long time ago” or censorship “well, some views Democrats don’t like should be censored, but not all of them.”
Those aren’t moderates. Those are the extreme left which is the flip side of the coin you are on.