-- 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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Basement Joe and Heels Up only listen to those ear pieces and what is being said to them thru those.
I appreciate our Illinois Representatives asking “pretty Please” for Mr. Biden and Maleficent (harris) to reverse the cancellation of this pipeline, but the people who voted for this tool are getting what they voted for and have the government they wanted. It is absolutely the stupidest decision yet, but I am afraid we haven’t seen anything yet…it will get more absurd.
Then Ol Joe will develop a health issue (I am betting around month 10 or 15 of his term and then we will have Maleficent as president…then we all need to learn french and move to Canada.
I’m sure Canada will be happy about this. Instead they will use trucks and trains to move the oil. Didn’t realize that is a more green way to transport it.
Berkshire Hathaway’s BNSF railroad is the big winner on this one.
The United States became a net exporter of oil during the Trump administration. Now the US will become a net importer of oil. Wonderful. Under Dementia Joe we will rely on iran, Venezuela, Libya, OPEC, Mexico and others to feed the oil demand. Dont even mention the thousands of jobs lost because the democreeps are for the people. Gas in my area is already up .80 cents a gallon since Nov 4th.
Senile Joe wants us to beg Putin and the Mullahs to buy oil from them. Vladimir and the Mullahs have already gotten back the money they invested in Senile Joe