-- 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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Call me crazy, but back in 2015, the partnership of big business and the state to effectuate major political change was called FASCISM. The merger of the corporate and state is FASCISM.
“…I believe you will need the pragmatic brainpower, unrivaled connections and deep pockets of Chicago’s corporations; and I believe that if you sincerely ask for their partnership, you shall have it…”
“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” — Benito Mussolini, 1932.
Excellent.
How naive. Johnson and his entire Chicago Teachers Union hate capitalism, and they teach that hatred every day in schools.
Communism has failed as an economic system everywhere it’s been tried — no reason that it would work in a failed city like Chicago
Leftism is, a child-like mind.