-- 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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I believe the $300 mil is JUST what city taxpayers have spent on the migrant mess to date and does NOT include the $478 mil allocated to migrants in state budget thru 2024, plus additional $65 mil state sent to Chicago (per state web site: https://illinoiscomptroller.gov/financial-reports-data/data-sets-portals/chartsgraphs/asylum-seekers). Plus whatever crazy sum of state medicaid $ are spent on the migrants…..all for 38,000 migrants??? INSANITY!!!!
Had enough…………SEND THEM PACKING!!