-- 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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I saw that Biden has given pardons – by a lot – to more criminals than any other president. Trump was actually quite stingy with his pardons, roughly only 1/3rd of what Obama gave.
Even more stomach turning is the Chinese spy that was loosed even though he had 47K images of child porn in his possession. Thanks Joe!
That was likely because of a bribe.
To all the IL Democrat officeholders that are complaining—Joe Biden is your guy and perfectly fits in with all those convicted IL Democrats.