-- 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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“Price controls almost invariably produce black markets, where prices are not only higher than the legally permitted prices, but also higher than they would be in a free market, since the legal risks must also be compensated. While small-scale black markets may function in secrecy, large-scale black markets usually require bribes to officials to look the other way.”
― Thomas Sowell
Duckworth — a race hustling fraud — and Schakowsky — the bank robber’s wife — are perfect examples of the out of touch Democrat party
How about some price controls on Paul Pelosi’s profits from trading stock on his wife’s inside info.
But if that were you or me we would be in jail already
Can’t believe they’re dumb enough? I can. I wonder how and why they keep getting voted into office.
Look at the two sponsors that should answer it all