-- 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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These buildings are going to end being torn down after the migrants trash them.
This must not be a problem because the City and State are still sanctuaries. Suck it up and enjoy what you have created!
This is a humanitarian disaster of epic proportions as Latin American countries shovel their poorest, most socialist and least desirable citizen into the USA’s social safety net. Look at the pictures of these poor saps, they all look like disheveled refugees. In 40 years we’ll be having national conversations about paying these ‘migrants’ and their children to return to the home countries, just as Europe is today.