-- 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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“But they’re walking a tightrope: If they use their offices to push a political agenda, or to aggregate political power, they risk losing the moral authority needed to persuade the public into important safety regulations — like strapping on masks and staying inside for another month.” FAKE NEWS. These two never had the moral high ground to begin with, and it’s a lie to even claim they have the moral high ground now. These two are complete degenerates in their personal and professional lives. I don’t even need to describe the slimy degeneracy in their personal lifestyles that offends greater… Read more »
JB needs to pass the Fair Tax 7 times to cover the projected budget deficits.
He needs the fair tax to increase rates to 10% of every dollar earned over $40k a year, just like California. That’s exactly what’s coming.