-- 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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Our leaders sold our soul to China for money and bring in tens of millions of immigrants for votes. It’s just despicable. 1,500 years from now when the next Gibbon writes The Decline and Fall of the American Empire, most certainly the thesis will revolve around the voluntary surrender of power to our enemies and purposeful dilution of the cohesive population so the elected leaders and powerful business class could engage in wanton degeneracy.