-- 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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It’s heartbreaking to not be able to correct Porky’s disassociation with nursing homes and assisted living locations, they’re all suffering. These residents have no choice, be locked up or threatened with death. Another area Porky fails in are certain groups of people and their habits. I live across from a cemetery and see funerals all the time. Why are certain ethnic groups allowed to gather at the grave site in large groups, no masking, no distancing, participating with loud music and public drinking for hours … while just down the way a 90 year old’s funeral is limited to two… Read more »
If JB had focused on the nursing homes and assisted living facilities he wouldn’t have been able to impose his will on enough people, so he shut the whole state down instead. For that we have an economy that may never recover, with thousands of lost businesses and unemployed. Dreams delayed and destroyed by an egomaniac that has never been told no in his life. And along with that fiscal nightmare, we have a death toll that is extremely high. If you look up trainwreck in the dictionary there is a picture of JB.
According to governor lumpalump,he was following the “science”!
Liberals/Dems have faith in the government to act in their best interests. Conservatives/GOP do not. That’s what it all boils down to. If you happen to be the latter group, caught in state where the majority is opposed to you, it’s not difficult to figure out what you need to do (and the sooner the better).
The economy was shut down for no reason by socialists who don’t believe in a free market economy to begin with