-- 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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If there is any leadership left in illinois……….they need to put a stop to this democrat based illegal invasion!
None of this is fair to our legal citizens who are suffering. They are giving benefits to these ILLEGALS that our citizens have a hard time getting…..very unfair!
“With Chicago potentially welcoming up to 2,000 migrants weekly”
Welcoming? LOL