-- 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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Just wait till all that covid funding starts running out. Just imagine if Trump is elected and he pulls back all remaining federal covid funding in 2025, before it can be spent. A lot of state, county and local governments will be crying into their beer.
Doesn’t he realize those covid funds are there to bribe doctors to poke more poison “vaccines” into folks. $125 a jab to the doctor. Not to be used for anything other than increasing Phizer profits. Actually as I think of it more, yeah using the Covid money on immigration is indeed a much better use for the money. Finally the mayor is doing the right thing.
Isn’t that a misuse of funds ?
Nbc 5 tv news is starting the new $79 mil in spending to Favorite Health is for services already provided in 2023 by Favorite Health billing at astronomical rates!!! Wow, complete face-plant incompetence by CTU/Brandon & crew..but what else would you expect.