-- 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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This reeks of desperation. If democrats are nervous that’s a positive sign.
They are scared. Springfield Democrats have tied themselves to the Joe Biden Junta and his agenda. Springfield has passed the IL version of DC bills passed by the house, but died in the Senate: our own build back better bill, a really expansive voter fraud bill, we are a sanctuary state, we’ve removed parents’ rights to mutilate children into different genders, sex education starting in Kindergarten, abortion up to 9 months and the baby half out of the womb, we defunded the police, and so on. These are deeply unpopular agendas nationwide and the backlash is going to be epic.… Read more »