-- 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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Kimmel, Bee, Noah and all the others on or soon to join the late night lib hosts scrap heap weren’t funny, couldn’t lay off the left preaching for a minute and people tuned them out. As much as they’ve deluded themselves into thinking that they were striking a blow for free speech, the reality of the situation is that their liberal bias became tiresome after four years. Kamala was the perfect guest for them as she babbled about school buses and Venn diagrams. They were all on the same page.