-- 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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I’m like a windmill as I keep spinning around and around spewing the same garbage post after post. I do have mental issues.
What does the fat man care, these people didn’t vote for him anyway
Counties need to declare themselves sanctuaries from the fat man’s edicts
When the last nuke plant shuts down and coal and natural gas are banned the state/country will be back in the Stone Age. The plan the Democrats and uber liberals have had up their sleeve for decades. A total dystopian country with them, the elite, in charge. Soylent Green is Tuesday.
Not quite the stone age, but the state will be forced to buy power from other states, and will quickly deindustrialize, like Germany, as businesses and people with means flee the state.