-- 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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Durbin is as useful as tits on a bull. Hey Little Dick, what does any of this blather have to do with you serving Illinois?
Uh oh, Putin must be shaking in his boots knowing that Dick Durbin holds him accountable. We’ve been reading since the invasion how Putin was terminally ill and the Ukrainians were doing so much better than Putin expected. Now the final nail in his coffin will be driven in by the tough words from the man who strikes fear into anyone who crosses him, the terrifying Dick Durbin!!! I only hope that we can send a few hundred million more dollars to Ukraine before this thing is all over. Then we can spend ten times that amount rebuilding the Ukraine.… Read more »