-- 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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I’ve pretty much had it with “mostly peaceful” demonstrations that disrupt traffic and endanger first responders and innocent bystanders. If this “chills” demonstration participation the majority showing up would be paid demonstrators. That will hit the organizers in their pocketbooks, so not such a bad thing.
Unfortunately, Medal of Honor recipient Soros has an equally detestable son waiting in the wings to swoop in once his Nazi collaborator father kicks off with equally deep pockets. Expect this crap to really ramp up with Trumps return to office unless a genuine effort is made to stop them from trampling the law.