-- 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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A long terrifyingly fascinating read. Unfortunately, I disagree with the writer that despite his spotlight here, this systemic canard is still very much inbred in our society.
Yes, this rot is still *very* deeply embedded in the “Deep State”, MSM, academia, business, entertainment… it will take much effort to snuff out, and still it will be around. For example, despite the end of and total failure of USSR – style communism/socialism, almost 40 years later “leftism” is still a dearly – held belief by at least half of the US population… and more worldwide… today it’s cunningly called “liberalism” or “progressivism”…
Obama will go down as one of the great charlatans of the 21st Century.
Most excellent…!!!: “As for Barack Obama, I will admit that I wasn’t sure I’d ever see him face the consequences of his own arrogance, obsession with personal power, and efforts at vanquishing the exceptionalism that makes this country different from every other one. But I guess, as a wise man once explained: “Life’s a bitch…”
If Axelrod is the subject, insight to his workings can be gained by viewing the ad making the rounds on You Tube touching upon his cozy relationship with Jan Shankowsky’s convicted and jailed husband.