-- 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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Yes, the Democrats are always helping middle-class families. How has allowing millions of illegal immigrants enter our country helped middle-class families? Obviously, it’s done the opposite, and the pain has just started.
Yellen is a moron wrapped tightly in an imbecile. She couldn’t manage a lemonade stand, if you gave her free lemons. The Obama economy, which had 8 years to recover from the 2007 financial crisis, never made an appreciable move in the right direction, and Yellen had her hands all over that one too. She looks like Chicken Little, but lacks his intelligence. Why Slomo Joe ever brought her out of mothballs is a question that can never be answered, other than he’s even a bigger idiot than Old Yellen. Take a hike already you old gas bag.