-- 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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Single parent households and indiscriminately having children out of wedlock. The gift of LBJ has been giving since 1964.
The NPR-affiliated and financially failing Sun-Times’ David Struett, with liberal handholding from Fran Spielman, typing on behalf of Mayor Cliff Notes and the DNC, penned another panicked missive complaining about the latest policy change by their mutual enemy, the newly restored and big scoring President Trump. This has been the State Media chorus sung since November, with every Trump policy change and policy success and this song has grown to a piercing shriek that can be heard aboard the International Space Station. With a straight face, in the face of the $750 million fiscal shortfall they intentionally created, the political animals… Read more »