-- 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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Well that certainly isn’t a good look. Didn’t take long either. Good luck convincing anyone this wasn’t prearranged. That reminds me, how’s that Madigan trial going?
This is what Ford is doing with their EV’s. They will make more hybrids. I still believe that the Stellantis incentives in Belvidere are contingent on them making 100% EV’s not hybrids. Why should the company lose money on every vehicle like the others who filed for bankruptcy or are priced too high for the average consumer.
https://www.nbcnews.com/business/business-news/ford-believes-19-billion-shift-ev-strategy-right-choice-company-rcna167963
How convenient.
Easily solved by future victims (taxpayers) demanding personal liability for professional malpractice by every profession including political.
Problem: incumbents won’t enact legislation antithetical to their own incestuous malignant self-interests.
Solution: everyone negatively affected (all taxpayers not receiving self-interest benefits as a function of political corruption) should run for office, take the time to research specific topics like Gotion, go to meetings, FOIA, vote for anti-corrupt candidates.
Corruption in Ilinois knows no boundaries