-- 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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Supporting an insurrection…Alexandria, you got some splainin’ to do
Incidentally, the story has a link to another story the same author wrote for thehilll.com. If you want to see some true leftist idiocy in action, check out the comment section on that one.
https://thehill.com/opinion/civil-rights/500605-antifa-and-anarchists-have-hijacked-floyd-protests-but-left-wont-admit-it
The Hill has the worst commenters who say the dumbest stuff.
Here’s the scary part – ‘The Hill’ is basically intended for readers in the Beltway.
“The city of Washington was built on a stagnant swamp some 200 years ago, and very little has changed. It stank then, and it stinks now. ”
-Lisa Simpson.