-- 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 next time around? Are we that stupid to do this again?
“But democratic governments have to keep their word, if only to ensure they will be believed and obeyed the next time around.” That ship has sailed. We’ve been misled, lied to, and subject to mandate lunacy and lockdowns. As more data becomes available we realize how we’ve been manipulated and deceived. We became unwilling participants in a drug trial – ‘jab or job!’ No informed consent for us! And the lies and misdirection came all the way from the top – then the locals carried water for the CDC and Fauci – and the state and county enjoyed their new-found… Read more »
Drogan breaths these days! While living the game.
“Chicagoans who want to wear masks indefinitely should be respected.”
No, they should be mercilessly mocked for virtue signaling with a dirty, ineffective face hankey.