-- 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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Illinois State Senator Heather Steans is mentioned everywhere lately. Because she is everywhere and she’s a complete moron. I don’t mean this as a personal insult, it mean it as in that she went to Princeton and wasted her education on ‘Urban Studies’ and then went to Harvard for her masters degrees, and again wasted her education on ‘Public Policy’. All that useless education and she now she’s in charge of indoctrinating your 9 year old children in LGBTQ+ degeneracy. Her own son transitioned to a daughter. She wants your child to do the same! It is absolutely insane these… Read more »
“The government should pay people to dig holes in the ground and then fill them up.” – John Maynard Keynes.
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