-- 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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Communism is never popular and it always fails. However, that never stops them from continuing the revolution. Mao’s Cultural Revolution was 20 years into his dictatorship. Russia replaced Lenin with Stalin. After Brandon is gone, Chicago will ‘elect’ someone worse. You can’t vote yourself out of communism.
Progressives are like that. When their pie in the sky ideas become reality, much to the disgust of sensible people, and they inevitably fail, the finger pointing begins. One need only look to the White House and see Harris desperately trying to distance herself from the disaster of the last few years by campaigning on a platform for “ change and not going back “. Umm.. she has been part of the program she now thinks needs change and the past that has ruined so many American lives. But it will be different this time around , right? Put away… Read more »