-- 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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Illegals who work with a phony or “borrowed “ social security number contribute over 11 million dollars a year to SSA and will never collect a dime under current law. They keep the Ponzi system afloat.
I’ve always thought that is why, despite lots of lip service, they never really tried to stop it.
Both sides of the aisle are all in on the Biden initiative to press the illegals into the US workforce ASAP. I’ve heard very little complaining from either party regarding this.
Bait and switch “move out” garbage! We’re staying and fighting back. You should too.
Sorry, Dave, but it’s simply *too* late, unfortunately… *nothing* can halt the inexorable process of Chicago becoming “Detroit II”…
What will happen is that they will just stop voting. You’ll still get your Democrat hellhole, just a slightly different flavor elected without the black vote.
Good for you, Dave. You can make up for the $10K in property taxes I’m saving in SC. Moving out IS another way of fighting, but IL Democrat politicians conveniently ignore population loss and the increasing financial burden on those remain. I guess you’ve got my $10K covered. Thanks. Keep fighting and let all of us ex Illinoisans know how it’s going.