-- 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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Joe Biden’s $4 trillion dollar boondoggle will go down in history as one of the greatest frauds perpetrated on the American public. Just like he’ll go down as the worst President in American history. It is Biden who caused historic inflation, and with hundreds of millions in remaining Covid bucks being spent as fast as they can, inflation hasn’t come down as fast as expected. So enjoy those high interest rates until government entities flush the rest down the drain.
Big issue article leaves out, the cites progressive council has blocked efforts by Alderman Conway & Waguespack to introduce legislation that would allow alderman to vote on appropriations of COVID $ over $1 mil. ALL THE REMAINING COVID $BUCKS$ ARE CTU/BRANDON’S SLUSH FUND FOR HIM & HIS BUDDIES. Watch for $100s of millions in remaining COVID $bucks$ to go to Brando’s CTU buddies in new, negotiations not required, contract. Lots of COVID $millions for empty “Sustainable Schools”, etc. Especially since CPS didn’t get much $ from Springfield.
Zippy is feeling the heat and god knows it doesn’t take much for good ol Skippy to get the vapors. Zippy please don’t forget to give some of that coin to help the “ youngins Keep on funnin “ they ain’t Capones for gods sake.