-- Connecting the dots between our economy, government and business --
"What you have going on in Chicago is slow motion civilizational suicide."
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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Where’s the exit polling to show how white women and other groups voted? Were the white women nullifying their husbands’ votes?
‘Unhappy Private Equity Wives’, aka Karen’s
Does proft really live in Florida?
It is not in Slow Motion; it is a race car and going faster by the moment.
Taxes are raising quicker and faster than a speeding bullet.
Crime is doing the same. Education is a thing of the past.
People and Family’s Fleeing at ever increasing numbers.
This is a recipe for financial ruin.