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.
‘Once’? Lion Electric remains the center of JB the Hutt’s paean to the Climate Clerics. He thinks it’s a success. The Hutt thinks Lion Electric will just dip into its offshore trust fund and keep on spending just like he does. This is the only economic theory the Hutt understands.
Worst. Governor. In. America.
Name one successful market intervention by the government.