It’s no time to go low – One Illinois

"So mayors and governors are in an impossible situation just as restaurants are, unable to remain vital with only outdoor dining as winter closes in. And many everyday people and working families are in impossible situations as well, deprived of their livelihoods by the pandemic and with no adequate compensation for that in sight. They all need aid now"
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5 years ago

Open up. That’s how to fix it. Do not bail out state and local governments. Force them to cut. The US is going to create a debt problem that is unsolvable if they continue to follow the Keynsians and the bad shut down policy. See Bitcoin price. It’s the new safe haven. Not gold.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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