-- 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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Did Guv Pigchop put down his XL Genos stuffed pizza pie while JoeyB was mumbling?!
Corrupt and dangerous clowns.
Dumb and Dumber.
President Tumbles is a joke. He diminishes the United States every time he opens his mouth. Hyper inflationary policies hurt the hardworking American family more than any other. Even the media acknowledges that 75% of the US disapproves of his handling of the economy. They suffer everytime they buy groceries and gas. Forget about getting a new car, and keeping their current car running is expensive as well. Go away Joe, and take JB with you.
Somewhere, Jim Clyburn is seething.
In a similar vein, I wonder if Obama took umbrage at The Big Guy saying that Hunter is the smartest man he knows.