-- 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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Everyone everywhere is fed up with lockdowns
The people of Illinois are running out of options to save themselves from bankruptcy, dictatorship and a life of poverty. The legislature has abandoned them, the courts are refusing to step in and the end is right around the corner. They are rapidly coming down to their last option and that is the second Amendment. The situation as it exists today in Illinois is the very reason that the founding fathers put it there. It was meant for the people to have one final chance to escape an aspiring despot and J. Beluga fits that description to a tee. If… Read more »