-- 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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Watch the press conference video. Clearly, Biden is no longer to confidently recite dictated speeches fed into his ear-piece. He gets lost in mid-sentence, wobbles, looks for teleprompter, stares into spaces, then resumes speaking as if just repeating words spoken to him in a foreign language.
In speech, Biden said vaccinated people can’t transmit Covid. False information, even per CDC.
Biden has brought nothing new to the Covid fight. The vaccines were developed under Trump. There are no new vaccines developed under Joe. Biden couldn’t even get the rollout right. I hope he is welcomed by chants of “let’s go Brandon”.
He has brought nothing to anyplace. Oh wait he brought Hunter with him when he was the VP so that Hunter could get a lot of STUFF and then give 10% to the big guy.