-- 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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Perhaps Ms. Underwood should consider the children of Chicago before concerning herself with the hordes of Democrat-invited invaders who are going to steal resources from us and OUR children. Less than 10K have arrived in Chicago and Lightfoot and her ilk are crying ‘uncle!’ Virtue signaling is easy – walking the talk is not. This crisis has been building since Biden took office – Chicago had plenty warning … and there’s no ends in sight. Wait until tens of thousands show up in Chicago needing shelter, clothing, food, health care and education. What we’ve seen so far will be consider… Read more »
These children will mostly have their own anchor baby children, and they’ll vote Democrat at 9:1 ratios. The children of these illegals will ensure a Democrat majority at both the federal and state levels for generations to come. That’s why they care more about the illegal children than they care about the inner city children. They mean nothing to the Democrat party.
Worry about the children dying on the streets of Chicago everyday, start worrying about the home front Illinois politicians all of you.