-- 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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Bidenomics, the gift that keeps on giving. If Liberty made unicorn bridles or some other green nonsense, they’d be flush with taxpayers cash.
Soon we’ll all just be selling software and insurance to each other! Oh wait…
When Cat and Deere and others move production outside the country; the demand for steel goes away.
Awful. And just before the holidays.