-- Connecting the dots between our economy, government and business --
The “Northern Illinois Bottlecap Balloon Brigade” is concerned that their research balloon may have been taken out by the US military.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The serious side of this seems to me to be that China or Russia could launch a wave of these, some armed and most not, with small nukes easily light enough, and there would be no way to distinguish the threats from the others.