-- 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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“the vast majority of [their constituents]… favor Trump’s border policies and mass deportation of illegal immigrants.” How does Catron know this is true?
Israel, with Trump’s assent, showed it wasn’t kidding. Trump, by defunding NW & some Ivies and sending Marines to L.A. has also shown some resolution. However, it’s time for some serious consequences for Sanctuary States (S.S.?) and their leadership. It’s unfortunate that those consequences will likely harm those leaders’ opposition within their states and that state sovereignty under a republican form of government may have to be abridged. FDR set some precedents for this abridgement with his New Deal attempts, while clearly opposing public employees’ unions. Since then, those unions as well as the Biden administration (whoever was running it)… Read more »
Public funds used to perpetuate partisan objectives. It seems to go on everywhere but there should be “equal protection” for the Trump majority – perhaps Trump can get the Wall Street pro bono law firms to prepare the reply brief.
There are days when I am ashamed to admit I live in Illinois…
On all days I am sorry I lived in Chicago. I was so naive.
Whenever I’m asked where I originally lived, I just say “up north.” Who wants to admit they’re from IL?
People such as Thumbs Down do as they regale their snowbird friends with tales of the large tax payer funded pensions they amassed while spending the last five or so years of their careers sitting at a desk and cheating at solitaire all day.