-- 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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You want a win-win scenario? Attract LEGAL migrants who bring money, educated populace, law-abiding nature (NOT saying LEGAL Illinois migrants are precluded from this definition, nor that the definition requires money or education…it just requires willingness to obtain education and law-abiding nature). Novel solution for Israel: Bug out. Leave that place, with huge money in your pockets given by the world nations who spend more annually on war/aid than it would cost to pay Israelis for clear title to their property. Go where? Illinois! This State is so woebegone, bereft of using its own potential, it is like the desert… Read more »
They’re already in the suburbs. I see migrants virtually everyday at street corners selling roses or begging for money. Just yesterday I saw a family of three, a military aged male, his girlfriend and their young child, at the entrance to a Walmart parking lot holding up a sign begging for money. What a mess. And this is going to lead to a humanitarian disaster this winter, during a polar vortex, when these people with no experience with winter, have no winter jackets or gloves or boots, and some of them will actually freeze on the street. It’s going to… Read more »
Yes, went to Home Depot and right at the intersection was a newly arrived ‘migrant’ young man panhandling. They know how to work the system.
By Jack, in Cali a hotel fired striking workers and hired illegals. Think about that if you’re a “union man.” American workers trying to improve their economic situation have been disenfranchised from their occupation by Lunchbucket Joe.