-- 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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When Trump claimed that Venezuela emptied its prisons and sent their criminals north to America, he wasn’t joking. Biden let them all in. Some psychopath from Latin America just shot eight people intentionally, one by one, before leaving the scene, probably halfway across the country now, maybe even on his way back to Venezuela.
Maybe on a govt funded flight.
The problem is, there are a lot of places in his city for acts of violence.