-- 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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What a man of the people. The perfect democrat. Do any of you really believe that he is paying his fair share of taxes? I can give you a dissertation on how it’s done, but I can guarantee you that none of the taxes he proposes for you are being paid by him. Socialism/communism at its best. Yeah, tax the rich. What a laugh. A real opiate for the masses. This fat Nepo baby has a phalanx of tax lawyers to make sure he doesn’t pay those taxes. Do you think the people employed by the state can even begin… Read more »
And Hillary Clinton struck it big with cattle futures. Where’s Bernie Billionaire when you need him.
Lots more to this astronomical lucky streak than meets the eye, akin to Pelosi beating the pants off of Wall Street and sending investment experts into orbit.
Let’s ask the real questions here. How do you win like that– playing blackjack? Where you only win as much as you bet. Did he bet $1.2 million on one hand and win? Or was it 60 $50,000 bets, all of which he won? Or was he playing million dollar baccarat? Who was he gambling with? How did he get to Vegas–on his own private jet or was he hosted by someone? And where was he gambling? Out on the floor with the general public (highly unlikely), or in a private room away from the crowds. Who gave him the… Read more »
Every hour in the casino is one less hour on the treadmill.
This guy’s priorities are screwed up, to say the least.