-- 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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He did it. There is no doubt.
“Federal authorities have charged or raided the homes and offices of at least half a dozen Democrats this year. The U.S. attorney’s office in Chicago, headed by John Lausch, an appointee of Republican President Donald Trump, has spearheaded the investigations against the Democrats, some of them acknowledged powerbrokers in the party. ” You can always count on the A.P. to be the propaganda wing of the Democrat party. A better way to write this paragraph would have been to say that there are few Republicans in the Illinois legislature and none of them in any positions of power to effectuate… Read more »