-- 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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Bye Bye Pravda Media. Let’s see if you can survive on your own with leeching off of the taxpayer. I for one will fund Classical Music (and mostly unwoke) WFMT but the rest of the DNC propaganda gasbags can die a slow death. If only that DNC nepotism harpy Cokie Roberts were around to see this.
Let these organs of the DNC go to them and their fellow travelers for money. Oh wait, Kamala bankrupted them all.