-- 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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Who? Illinois politicians of course. They now have the power to do what they want on a local level. That’s who we should fear the most.
Corrected statement.. Illinois politicians play by a different set of rules and standards than every other state in the union. They cheat,they lie,they’ve been deceitful in many different ways to get into office and to stay there. There I’ve fixed it.
Any “ advocacy group “ chock full of “ social justice activists “ and “ the Peoples Party Movement for DEI “ types are the biggest threat to IL. China is simply waiting for America to rot from within, as it rapidly is, and will swoop in like a bird of prey while the politicians watch from their tax funded fortresses.
Divide and conquer without firing a shot.
China is rotting from within and they’re exporting their problems overseas. America is in bad shape, for sure, but nearly every country on earth is even worse shape, as crazy as that sounds, its true.