-- 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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Tammy Duckworth should be slammed. She is as useful to Illinois as a Senator as tits on a bull.
How do the ivory tower Zoom workers think they can control a well armed populace that despises them? Especially puzzling since those elites did everything they could to antagonize law enforcement too. So how does the ivory tower win against the ones who have all the guns?
Now the answer is clear – they already had the Pentagon in their pocket.
These people are not playing around. They intend to take total control.