-- 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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Floyd wasn’t murdered, despite the kangaroo court convictions. He died of a heart attack/drug overdose while resisting arrest. Derek Chauvin was restraining him using a Minneapolis Police Dept. approved technique.
Chauvin was a sacrificial lamb as the officer that killed “ Gentle Giant “ Michael Brown while fending off a savage attack was almost made to be by Barack and Eric Holder. The prosecution was later shown to have deliberately lied as to the amount of drugs in Floyd’s system which caused his death he seemingly finally achieved after a career of drug dealing, other felonious behavior and drug abuse.