-- 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 demonstrates that even a complete moron can be a US Senator. In fact, in this regard, he is truly an overachiever.
You’ll know Lil Dick is serious when his hearings cover antisemitism.
But you’ll fall over on your sweet fanny before he addresses the issue of releasing felons who go on to kill more people like the one he and Obama got sprung from a life sentence in prison for being a drug kingpin. Like Tammy, he picks and chooses what issues are important. Bringing the slain child’s mother along his equivalent of removing his legs and laying on the floor to get his way.