-- 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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Oh Please!! I’m more worried about UFOs.
Well, you see it really all depends on the polling data, if the Red candidates are not winning, you can bet your life on another phony covid crisis.
You see, it all comes down to this simple little proposition: CRISIS PRECIPITATES RADICAL CHANGE. That is what this is all about anyway, right?
Any questions?
You have confused red with blue
More money into the pocket of Big Pharma.