-- 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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Well let’s look on the bright side. The Southside won’t be able to say that they have a migrant shelter desert!
This is a Hooverville from 1937. How long before the south and west sides have their own Bidenvilles filled with migrants? How orderly do you think it will be when thousands of illegals venture outside of the heated tents (aka refugee camps) and start squatting by the household on vacant land and in vacant houses in black neighborhoods? What kind of structures do you think the migrants will likely build, by hand, to accommodate themselves and their families? How will the city of Chicago building and zoning departments respond to several hundred squatter camps, per week, popping up all over… Read more »
Spot on Debtsor; think of the Palestinian refugee camps dating back to 1948.
Trust me, I’m the mayor, no more illegal immigrants as of November 1, 2024.
Poppycock!