-- 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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It’s a Knucklehead Casten misinformation media blitz! Wow. Second story featuring Knucklehead in a week hits the former news radio station, now Democrat mouthpiece WBBM. It’s a little sad to see Knucklehead desperately trying to corral his Downers Grove AWFLs and other low-information voters by trying to remain relevant. This time it’s the trading website Robinhood. Knucklehead can’t handle that the website takes its moniker from a character who robbed the rich and gave to the poor, as his party robs from all taxpayers and gives to their friends and pals. It’s almost as if Knucklehead and his fellow four… Read more »