-- 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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One of the most astounding election stats, for me, is Trump won the vote form folks making under -$100gs (50% for T & 46% for H) while Harris won the vote from folks making over +$100gs (51% for H & 46% for T)!!! What does a CTU/Brandon have to say about that!!….looks like “the woke-elite” title sticks.
(https://www.nbcnews.com/politics/2024-elections/exit-polls)
I once used the Sun Times to line the bottom of a birdcage, and the bird committed suicide.
Competes with Royko’s famous quote 🙂
Yes we know. You didn’t get your way so now it’s time for a tantrum. Yada Yada Yada. The sky is falling. The world is ending. Yada Yada Yada. Apparently running a coup on a sitting president and propping up a dimwit that nobody ever voted for, was not a test of democracy.
The same could be said for all the complainers on this site when they complain about high taxes and woke policies of Illinois. They didn’t get their way so now it’s tantrum time, world is ending, sky is falling, yada yada yada. It’s on display here daily.
Nothing ever changes in Illinois. People like it the way it is. That’s why they are slaves. Nothing will ever change in Illinois as long as it is run by democrats. So either leave or stop complaining and buy a large supply of baby oil. Everybody here has “fixes” that they propose. Some are very well thought out. None of it will happen, because your populous is supine. Thye like being abused.
The nauseating Sun-Times on full display.