-- 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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“Census data suggests Illinois’ white population dropped at a rate of 14% over the decade.”
Cap Fax crowd believes that replacing native middle class, often college educated Illinoisans with poor, illegal central americans immigrants is a good thing. ‘muh diversity’ they say. Look, we barely lost any population they shout! While ignoring that many Chicago suburbs have turned into unrecognizable favelas that share little resemblance to the America we once knew. There are towns in Europe that have retained their character for 1,000 years and then in Illinois there is Round Lake Beach.