-- 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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He’s gotta be connected to some democrat politicians
The level of collusion, malfeasance and good old fashioned theft associated with government Covid funds will never be truly known, but the next few generations of Americans will be paying for it their entire lives. That’s assuming the United States lasts that long.
Gee, at the height of Covid madness some enterprising fella figured out a way to steal. This is a drop in the ocean compared to what really transpired.