-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Senile Joe isn’t embarrassed, he said he had “no regrets”. What now, Dick?
It’s an embarrassment only because it diminishes their argument against Trump.
I’m embarrassed that Biden is our president. The Dems scrapped the bottom of the barrel and he was the best they could come up with?
This is a distraction so people don’t focus on the money laundering in Ukraine or Hunter’s influence peddling.
The Dems will hang this around Biden’s neck to force the beleaguered dementia ridden placeholder to the sidelines. They can then announce their progressive candidate of choice to ram their woke socialist agenda down the throats of the American people. With the help of the liberal media it can happen.
Bring on John Fetterman.