-- 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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He is not a Denialist He is a realist. It just shows the corruption that is in government. When the death is to be classified at Covid no matter what–heard the one about the person who dies in a car accident and then posthumously given a test for Covid and it was positive–so they dies of Coronavirus and not the car accident where they had died at the scene.
It’s the left’s most used weapon: trying to shame their opponents with ridicule and name calling.