-- 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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Cute some people still believe economic health of the serfs is a priority to the ruling class in IL.
Job creation/preservation is not the goal. Compliance/control is the goal.
Society owes Professor Birge gratitude for risking his job, career and life for speaking truth to power. Dictator for Life Jabba is hostile towards science and expects learned men like Professor Birge to think only what the Dictator says they can think
The esteemed professor will be cancelled.
DUH!
But obviously science wasn’t behind governor ruining the economy–it was all politics.
All together, democrat governors planned how they would do that dry run on communism and then the narrative how they would get out of the blame for the destruction they created.