-- 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 hearings one every channel smack of the state-run media of North Korea, operating for and at the direction of the ruling class. So many have fled this type of insanity and they can recognize it when they see it. This is what totalitarianism looks like.
It is a credit to the American people that the ratings for this sham were atrocious.
I never thought it possible, but Durbin is right! It is important, for the sake of history, to document that Democrats labeled a small group of protesters as insurrectionists. Then those same Democrats droned on about it for 18 months, trying to convince the American people that this group of ragtag protesters actually intended to overthrow the US government. History will also reflect that while all this was going on, a complicit media allowed an incompetent and incapacitated liberal progressive President to nearly destroy the United States.
Let’s hope ‘nearly’ is accurate. Things are ominous.