-- 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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Overeating will enlarge anyone’s profile.
JB has a lot riding on this election. If Harris wins, JB’s presidential ambitions take a huge hit. Sure, it’s possible the Dems could install him as their candidate in 2028 even if she wins. After all, it isn’t like the primaries mean anything to Dems. But it would be awfully hard to install a white male billionaire over a sitting female POC president. And who knows what the landscape will look like in 2032. Yep, old JB had a real conflict going on in that gigantic melon. Of course, if Trump gets in the gravy train is over for… Read more »
From your mouth to ‘GOD’S’ ears Trump gets in!!