-- 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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“Did we give up after the Germans bombed Pearl Harbor? …
Nothing is over until we decide it is!”
“Oh Boy is this GREAT!”
Get ready for hell week in Chicago in August. In 1968, estimates are there were 10-12,000 troublemakers in town. And they were overwhelmingly focused on one single issue– the Vietnam War. This year, watch for 30,000 or more because the list of issues is so much longer– LGBTQ victims, anti-Semites, pro Hamas terrorist supporters, environmental nuts, global warming hoaxsters, tranny fanatics and reparations nuts. It will be a circus like we haven’t seen in years.