-- 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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Naming this latest debacle “Inflation Reduction Act” is equivalent to putting lipstick on a pig.
It’s still a pig.
So basically, Dementia Joe Biden is a liar! Well what do you know, a lying Democrat! Of course the morally bankrupt liberal media will give him a pass, but we all know better.
Sad thing is it appears Mr. Biden doesn’t have much of a grasp on what he’s doing.
And this is the BEST democrats have to offer … Biden & Harris? Speaks volumes.