-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Really? No shite Sherlock! Why are leftists always the last to know?
Interesting to see so little political support from Hispanic voters for Biden’s “Open Borders” illegal mass-migration of economic migrants. Many Hispanic residents realize these “recently-arriving migrants” now too often have neither family-ties established within Chicago community, nor interest in low-paying but gainful employment, both needed to establish toehold towards financial independence. Many arriving migrants are destined to generational welfare dependency, as unintentionally suggested by “bleeding heart” articles in Sun Times and Trib. Little to no formal education. Little to no marketable skills. Little to no prior medical care. Sympathetic news-articles bemoan seeming inadequacy of generous welfare benefits and subsidies provided… Read more »
at end of interview Lopez makes a great point, that as COVID ARPA I and ARPA II funds run out, the JB-CTU/Brandon migrant mess s-show is driven as much as anything for them looking for giant fed bailout $$$billions$$$ to keep the bankrupt Chicago/Illinois going….pathetically maybe this is the truth
Ray,
We’re you a slow learner in grade school?
Remedial classes. That’s why he went into politics.