-- 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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That’s what happens when you use tens of millions of dollars to pay for the illegal
Migrants instead of current residents.
The residents will be forgotten because the
Illegals are the new votes needed by the democrats to remain in power.
The Pritzker and Preckwinkle will say
Anything but do nothing as long as the voters don’t change.
Stop voting for them and see how fast they start complaining that you abandoned them.