-- 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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““It is absolutely not appropriate for people to take up arms, bats, pipes, whatever in patrolling neighborhoods.”” Yes, don’t protect yourself from the mobs of unwashed masses looking for racial ‘justice’ in your neighborhood. Lori, if she were a medieval leader in Europe, would have bowed to her Muslim invaders as they pillaged and looted the countryside outside her fiefdom. ‘WE HONOR YOUR GOD” she would say, welcoming them with open arms, as they sold her subject into slavery, or worse. We’d all be speaking arabic and America wouldn’t even exist if she were in charge. This woman… Read more »