-- 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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It will get worse if these articles are even partially correct. Sometimes I think they just pull numbers out of thin air.
https://cis.org/Bensman/United-Nations-Hand-Out-Hundreds-Millions-Cash-USBound-Immigrants-2023
https://www.independentsentinel.com/un-plan-for-600-million-immigrants-in-the-usa/
Demanding more, wasting more, begging for more, hoping for more, democrats in action.
Think of the massive cash-revenue flowing to private sector providers of housing, food, household items, medical care, and social services for these new migrants.
No discounts, full-price invoicing, massive government payments, with no scrutiny, all due to this “emergency” created by Biden Administration.
There’s a lot of money to be made here, cash flowing to “progressive” nonprofit organizations, and to companies owned by political supporters of Democratic party. Follow the money. Wirepoints should FOIA the Chicago-paid and Cook County-paid invoices for “migrant services” for past year.
As if we don’t have enough problems. Illinois imports them too!