-- 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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The Illinois State Treasurer doesn’t even know that Illinois already taxes Barbies and G.I. Joes. Where does he think the money he spends comes from?
Just yesterday it was announced that inflation is the lowest in four years, grocery prices (including eggs) are a bit lower, and not to mention gas is 50 cents per gallon cheaper; the stock market has rebounded. The damage that Biden & Co. did to our economy was extreme, so I’d say Trump is off to a solid start. Of course, the Trump economy could boom, and the dems would still kvetch… they still claim that the Trump 45 economy was “lousy”, lol…
Surplus current state employee, and future state six-figure pensioner Mikey Frerichs cries like a kid in the toy aisle whose mom just administered a healthy dose of Vitamin N. Seriously, is testosterone deficiency a requirement for leftists in elected office? How about this, Mikey, you actually do your job and help rein in the insane, fiscally suicidal spending in Springfield and you leave international trade negotiations to the adults. We remember the ‘transitory’ Bidenflation when your party lied about the dilution of the currency through rampant overspending on basically nothing, giving $billions away to your party’s brownshirted NGO friends. Your… Read more »
Stop the Democratic fear mongering.
A grown man bitching about the cost of dolls while his bosses throw money around like water tells us all we need to know about IL and the crooks that run it.