-- 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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So not even 2%. They locked down as hard or harder than almost every other state, played along with with fake pandemic script better than anyone, destroyed our small businesses, drove big businesses and people away and all we got was .0175%?
That’s why the theory that JB locked down the state for federal funding is beyond ridiculous. I wasn’t happy with the lockdowns and believe those alone should have pushed the voters to toss JB out of office. However, his decisions were not motivated by federal money.
COVID was a religion to the left. No amount of evidence was going to deter them.
+1
Well now I know where all this inflation is coming from. $800 billion to the states which didn’t come from taxes paid.