-- 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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Low Information/Economically Illiterate Illinois Democrat Congressman — Raja Krishnamoorthi — Can’t Understand Why Oil Companies Are Not Going To Spend Billions To Temporarily Reopen Oil Refineries — Refineries That Biden Will Immediately Close After The Election
Oh Raja, what a little hypocrite you are. A dedicated climate change proponent until it puts you and your fellow Dems in the cross hairs of the voters. Then you advocate opening up the spigots and firing up the old eight cylinder gas guzzler for a cross country summer vacation. After the election you’ll lecture us and tell us to buy an electric car. Get back to the kids table Raja, and let the adults fix this in November.
Raja’s entire congressional brand is reading the talking points off the talking points memo. Casten does the same but at least he raps and has the ultimate arrogant personality. Raja is basically NPC, some BIPOC minority put in place to do exactly what his DC handlers tell him to do. He is constantly reminded by DC leadership that he better do what he is told or else the DNCC will find some other interchagable BIPOC to replace him if he gets even one original thought of his own in his head.