-- 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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The question is…will it get me to New Zealand.
You don’t want to go to NZ. Jacinda is a leftist authoritarian and the citizens that elected her are just as awful. NZer’s are the worst in the Anglosphere. They banned most guns there after that mass shooting and it’s not as nice as everyone wants to believe it is. They’re the smallest and 5th eye in the Five Eyes Anglosphere spy pact. Look what they did to Kim Dotcom and how they blatantly violated his civil rights on behalf of the movie and music industry.