-- 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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Debt forgiveness has nothing to do with helping those with student debt. It’s a giveaway to the woke left, unions, and SJWs to keep their scams fully funded without having to vote on funding them
Debt forgiveness is not going to pass constitutional muster. Biden used a bill relating back to 9/11 during an emergency to forgive debts. Today’s emergency is COVID. They’re giving a student loan debt jubilee because of COVID. This is a short term political ploy to excite voters for the midterms. But in a year or two when it’s completely dead and there’s no foregiveness, his voters will be completely demoralized in 2024. Biden has taken a short term gain in exchange for a long term losses repeatedly: Afghanistan withdraw (bump in polls lead to people falling off planes) Extended COVID… Read more »
Spot on debtsor. For every happy renter and student borrower there’s an unhappy landlord and loan lender.
Oops, I forgot there’s a reason the military is having trouble getting recruits. Seriously, do you want Bidet as your boss?