-- 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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Simply one of many buckets of worms coming alive. Wait for the next tranche of Epstein documents! You ain’t seen nuttin!
The FTX execs where 2nd biggest campaign donors, mostly to dems, next to Soros. Who knows if these guys where illegally directly leveraging crypto funds to make these campaign donations? Now that elections over weaselly Krishnamoorthi can be outraged?
Re-elected weasel.
Illinois voters get the governance they deserve – unfortunately we’re all subject to the results of their rank stupidity.
A little late for that, Raja. What a joke. This guy is on the House Oversight Committee that has turned a blind eye to all the fraud and misuse of “pandemic relief” money.
Wondering if Raja lost some money