-- 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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Our Dear Leader is getting excited. Under the cover of omicron he will once again issue executive orders to keep his subjects locked down. It is working exactly as he planned!
Still a lot of Greek names to go. I’m waiting for the last five-Upsilon-Phi-Chi-Psi-and Omega then we start with the 26 letters or symbols for the Chinese alphabet starting with yue and ending with yi. Then comes the periodic table. Lots of boosters to come.