-- 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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Folks, the “opioid crisis” is actually a form of undeclared war by China upon the United States. So was Covid. Our problem is our pols (starting with Biden) have been bought and sold by the Chicoms for years. This includes many Republican RINOS too. Joe is too compromised to do what has to be done. To solve this “crisis” we will need to take some drastic measures like the Chicoms did in 1949 with their “opium crisis.” Just Google on it to see how they eliminated this problem in China. I suggest the US military start at the top by… Read more »
Those who can’t be bought are extorted. Those who can’t be bought or extorted are given the Rauner/Trump treatment. I suggest the first step is for each state to pass laws against propaganda and lies by media. Those states who do not, will out themselves for who they are.