-- 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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JB the Hutt is allergic to criticism. The truth sends him into a big fat fetal position in his palace. Solution? Silence the heretics!
Typical Democrat.
Does he realize that a win here means he would be opening himself up to substantial liability from all of the real leaders in this country that he disagrees with and has publicly stated so?
JB Putin is showing his authoritarian tendencies. He pressures publishers for assisting Bailey; now he’s threatening TV stations that show Ads. This is exactly what Russia does to opposition candidates.