-- 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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Funny how Manteno residents have given China hundreds of millions by shopping at the Walmart there but NOW it’s a problem.
China is America’s cancer!!
Gotion is donating $50,000 to Octoberfest/Chamber of Commerce. Previously the amount was $10,000 from Taylor Dodge. The concerns raised by Annette LaMore regarding Gotion’s sponsorship of the Oktoberfest in Manteno are rooted in the complex relationship between Chinese companies and the Chinese Communist Party (CCP). Gotion Inc., a subsidiary of Gotion High-Tech, operates in the U.S. but is owned by a company based in China, where the government and the CCP often have influence over large corporations, particularly in strategic industries like technology and energy (much like the USA). While it is true that Chinese companies, including Gotion High-Tech, may… Read more »
Annette may be catching on early. Think the Biden crime family that never caught on…….