-- 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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So sad that a friendly country to suffer thru that political hack.
Like most political creeps, he’s just been biding his time. Lori Lightfoot is doing the same thing.
I respectfully disagree regarding his performance in Japan. I’m not a fan of his on other matters, but as ambassador he has stood up to the feckless State Department that he is part of and spoken out about China in ways the the rest of the diplomatic corps won’t. And he’s been right about US natural gas exports to Japan. We should be encouraging that to reduce their dependence on Russia and others, not cutting it off as Biden has done.
On the flip side, his top and #1 priority in Japan, above all else, was gay race communism aka globohomo, and angering the natives there, with one prominent politician stating, “If Ambassador Emanuel wants to use his position as U.S. ambassador to Japan in any way to influence Japan, we will take immediate action to make him go back to his country…”
Remember, the feckless State Departments #1 goal around the world is gay race communism. We exist for that, above all else. Above oil, or plunder and booty, or colonialism. Globohomo.
You may be right Mark, but I can never forgive the way he covered up the Laquan McDonald case with a $5 million hush money payment so he could get reelected. That’s something we know about, but what else may he have done over a long political career of self enrichment? I wouldn’t trust him as far as I could throw him. A nasty little man.
I actually agreed with him on the Laquan McDonald case. In almost every other country on earth Laquan would have been neutralized and the officer commended as a hero. What other country on earth acts like Chicago cops? LOL Laquan was high on PCP, with a history of violence, who just tried to kill at least one person, carrying a weapon, blocking traffic, and putting multiple officers in danger of their lives. The dozen or so cops standing were all on edge waiting for…. the taser guy, so the taser guy could put his life in danger while trying to… Read more »
Rahm wasn’t thinking about anyone but himself when he authorized the payout of taxpayer money so he could get reelected. Instead of getting charged as he should have, he was rewarded with an ambassadorship. We now know it wasn’t Joe that initiated that appointment. Let’s see, who could have made that happen?