-- 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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Wow, this is a recipe for extreme polarization. The MAGA America First candidates are going to take over congress in about a year from today while on the other side of the aisle the the young progressives are going to outflank the long term moderate incumbents in safe districts. These two groups are completely incompatible. There’s zero compromise among these factions. There’s going to be actual fights and brawls on the floor of the house of reps this year – I can just imagine AOC slapping MTG in the face, and MTG will pull her hair and punch her in… Read more »
Debtsor they aren`t Progressives nothing bout their agenda is progressive more likely regressive these people are MARXIST probably more likely COMMUNIST to defeat ur enemy one most know ones enemy