-- 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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Fed Up Americans is a great descriptor. Some of us remember the Silent Majority, but John Kass captured the current zeitgeist with this much stronger designation.
Anyone upset who voted for Biden should look in the mirror and ask themselves ‘How did I allow them to dupe me?’
40% of the country looked at Jimmy Carter’s disastrous 4 years and said “gimme more of that”