-- 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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Embrace complete failure of the system, it is happening right before your eyes.
The Democrat Party Is The New Jim Crow
The cosmopolitans laughed dismissively as rural cities and towns were decimated by the very policies that they, the cosmopolitans, advocated and voted for. Now the liberals, who never thought it could happen to THEIR CITY, are looking to the very same reprobates to “do something”. The renaissance is going to be small towns and rural communities that are filling up with Conservative, self-sustaining Patriots. As the history of Rust-Belt cities has shown, there’s no written-in-stone rule that cities can’t fail…even Big City’s.