-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
If Trump is elected he will run into a multitude of lawsuits filed the Open border Democrats. They will be filed in cherry picked Judicial districts where the DEMS dominate. Trump will have to ride roughshod and deport the illegals anyway. Biden ignores the Courts and Trump will have to do also. SCOTUS will be reluctant to get involved but at some point will have to. Sanctuary cites/states are a mythical legal illusion by the Democrats. And they have used it for so long that the average person really believes it has legal force… The triumph of telling a lie… Read more »