-- 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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In November 1980, over 40% of the nation surveyed the landscape: high inflation, hostages, bad economy, gas lines, high unemployment…..and they said, “Gimme more of that” and voted for Jimmy Carter. 44 years later we had the same national decision: vote for Kamala and a continuation of Biden’s insanity, or vote for Trump and some normalcy. 48% of the country surveyed the landscape and said, “I want more tampons in boys bathrooms” and voted for Kamala Harris and Tim Walz.
Courtesy of several books, including Rock Island Requiem by Prof. Gregory L. Schneider, I reassessed some of my opinions of President Jimmy Carter. Presidents routinely complain about the ‘mess they inherited from my predecessor’. Not without reason, as our current situation after four years of rudderless authoritarian Regulatory State rule shows us. In January of 1977, President Carter inherited what my Brit colleagues would call ‘some real pretty <schite>’. Inflation was Bidenesque then, with nothing on the horizon to dissipate it. Industry was shutting down all through the rust belt even as the US Government found itself operating a giant… Read more »