-- 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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I suppose we should be happy for China. They found a stupid sucker to buy their shoddy defective second-rate junk at top dollar
Those private charter flights are costing the state of Illinois $888,275.00 and looks like there were 2 as recent as April 8th per – https://illinoiscomptroller.gov/covid19-information/ . Then you read about how Chicago, the Coronavirus hotspot of Illinois, is saying they have a surplus of masks per this article – https://www.chicagobusiness.com/greg-hinz-politics/story-behind-citys-deep-stock-covid-fighting-equipment . Something isn’t adding up.
President Trump should seize these supplies. Jabba is literally killing Americans by hoarding supplies. Only the federal government can ensure that these assets are redistributed fairly
This is hilarious and so ironic. Chartering flights to get supplies from the country that caused this and claimed initially it was not a big problem. Fat boy should be using that money to make them in Illinois. What a complete tool.
Reminds me about giving Indians with blankets that inadvertently had smallpox.