-- 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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Open borders in welfare state can not be sustained for long. We’re going the way of Spain when the gold and silver ran out….
As I have learned in my decades on this planet when it comes to giveaways for the free stuff armies’ it is never enough.
I have an assignment for Brandon. I don’t think it will pass as acceptable here on Wirepoints so I’ll let you use your imagination.
If this is not unhinged policy, what is? No matter how many thousands come, their good or evil intent, their virtues or vices, their skills or incompetence, and so on, we citizens will ultimately be accountable for their care and feeding and pursuit of happiness, irrespective of the impact on us, our families, or the country.
Hidden within the jumper funding away from public scrutiny are all the kickbacks a few will receive. Who pays $195 per hour for care? Hospice is approx $20 per hour. No one questions the amount. Why a Kansas company? Is there no one qualified in Chicago or Illinois? The answer is NO. The city is just waiting to get reimbursed from the Feds. Good Luck.
Why not Re Ship them to another warmer sanctuary state or city? Why is Chicago the only Midwest drop off point? Arctic Circle should be another destination and they can meet Santa Clause.
This guy is so delusional its funny, he wants everybody else to do his job while he sits on his throne.