-- 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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Shut up Jim, get with the program, your constituents don’t give two s****s about the Russian/Ukraine conflict. Have you not listened to any conservative media in the last three weeks? Have you not seen the polls? Jim, when you find yourself parroting the same stupid platitudes about Russia as LGBTQ+, academia, every major leftwing corporation, Democrat leadership and the Biden Junta, then yes, maybe it is YOU who is on the wrong side of this conflict. I’m not saying you need to be on Russia’s side but your meaningless virtue signaling is virtue signalling to the wrong party. You’re a… Read more »
Thank you, Debtsor, my thoughts exactly.
Just more political theater to distract from our country’s REAL problems.