-- 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 National political animals have zero shame. Belvidere, Gotion, Rivian, all join Solyndra and Lion Electric in subsidization ignominy. All these late giveaways to these DNC donation machines need to be clawed back when the adults return to control this insanity.
Stellantis is laying employees by the thousands and the political animal solution is to piss away more taxpayer dollars to prop up the company that wants to make more products that no one asked for.
The political contributions from these slush fund centers MUST be scrutinized.
Trump should issue executive orders to claw those dollars back and then let them challenge through the courts. Tie it up in the courts for years and watch them fail in the meantime.
Add up Belvidere, Gotion and Rivian and pretty soon we are talking about real money being flushed down the toilet on tech deals that the private sector won’t back but our all-seeing public officials will.
Let’s not forget the rush to shovel even more money to the Ukraine and student loans, before the “F Trump coming in “ giveaway ends.