-- 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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Remember a time before the globalists turned nationalism and patriotism into dirty words? Back when there were ideas that made America what it was? Now look at how many of those ideas have been thrown out in IL alone.
I’m thoroughly convinced that these forces which seek to undermine our sovereignty are using the “progressive” hotbeds as their own personal science lab, seeing what they can and cannot get away with. If you want to know what the future holds, look no further than IL, NY, and CA.