-- 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
This is all just to make people blame the unvaccinated. When in reality the vaccinated are spreading the virus even more by tolerating a higher viral load in the nose. So should regular folks just start randomly asking cashiers, store workers, managers for proof of vaccination status? If Biden wants these fights, lets really mix it up and provoke a few confrontations. Ask random people to present their “papers”, see what happens. Covid is 300% higher now than a year ago because of the vaccinated who can spread it and get it.