-- 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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$50K for a new car – They’re giving it away!
Here’s some updated news on the Rivian plant in Georgia.
https://www.axios.com/local/atlanta/2024/03/07/rivian-pauses-georgia-factory
I will wait until the model after the R2 comes out. It is the R2-D2 model. Not only will it have plans for the Death Star it will have a nice hologram of Princess Leia.
Help us Obi Wan you’re our only hope.
So the spokesperson says they know what they’re doing. Shocking! Wall Street disagrees.