-- 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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Alderman Lopez should declare himself a Republican, or as independent, run for mayor in next election. A Hispanic mayoral candidate would win on a “no sanctuary city/no preferential migrant benefits” platform. At this time, “recently-arriving migrants” get MORE benefits than homeless US citizens and legal residents, than disabled legal residents, than Veterans. Shameful of Lightfoot nd BJ administrations to so disregard its legal residents while outright pandering to Biden’s “recent migrants”. What has national Democratic Party platform achieved for Hispanic voter-constituents? For Black voter-constituents? Clearly POC voters are NOT supportive of “open borders” policy, and not supportive of “Sanctuary City”… Read more »
They might do better marching to the polls on election day to vote someone else in but being this is Illinois I have a feeling that will never happen.