-- 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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Hmm, this story reminds me of the Soviet Union which had 0% unemployment and empty shelves to show for it.
Democrats wonder why people don’t believe the economy is great despite the low unemployment number. This is the answer. Nobody thinks more government social welfare workers leads to an economic boom.
Democrats and their Plantation – Only in a world of fiat currency. Take note Black America, and shove over and squeeze in for the new arrivals.
PS: In Central IL it appears even healthcare has an upper limit of inefficiency and ineffectiveness as the hiring ‘boom’ has slowed greatly away from primary care.
And what funded the growth in the welfare complex jobs? Free Fed Covid bucks! The percentage of the Federal budget dedicated to debt service associated with Dementia Joe and the New Age Socialists handouts is growing, making it unsustainable. On top of all the free stuff that is largely ineffective and overly expensive, Joe is waging an equally expensive and unwinnable war against Russia by funding the rag tag Ukraine army. The liberal media did their job early in that conflict by telling us Putin was on his deathbed and the morale of the Ukraine army was sky high. If… Read more »
So, the sad reality is JB & CTU/Brandon desperately need the migrants….they just need giant fed bailout $billions$ to pay for it all even worse …..pathetic