-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Time to get out of Illinois.
https://www.americanthinker.com/blog/2021/03/illinois_is_cooked_and_its_time_to_get_out.html
The destruction of our society and its basic underpinnings will begin and end with the eradication of property rights.
We are well on our way.
I’m genuinely very worried about our future.
Yes, it all seems to be spiraling out of control. At first it was just a joke, then an intellectual puzzle (what the h*** are they trying to do?), but now it feels like a very real danger for the future of our country.
This is DEFCON 1 for democracy in America. Do not understate it.