-- 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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IL and Chicago need to keep their sanctuary status to partially counteract their declining populations. What a pathetic way to get people to move here.
Have you noticed that in all the photos of migrants in Chicago and the border and around the country you do not see any middle age and elderly. By that I mean people in their 40’s-80’s. If it is that bad in their countries you would think they would also try to make the trek with their kids. In other countries people who are fleeing oppression are in all age groups. Here only younger. The migrants now seem to be mostly made up of military age migrants. Look around and see if you see anyone in their 70’s or 80’s… Read more »
Yes, these are young men from 3rd world countries seeking adventure, fortune and love. When I left for a foreign country, I went on student visa to study abroad for a year. I had to prove I had enough money in my bank account to last me the entire year before they would even issue me a visa. Yet, when these illiterate and impoverished people come here, they are given free phones, housing, $1,000 visa cards upon personal invitation of Joe Biden! But rest assured, come November, the tide will change, and it will become illegal to hire illegal immigrants.… Read more »
I think you’re forgetting that the old waves of immigrants, particularly those from the turn of the century ( 1900’s ) didn’t have a myriad of social services to entice them to stay here.
They had some social services but it wasn’t for free. They local church demanded their labor and tithes; and the local political party (Tammany Hall) required their political participation. Both of these at least integrated previous waves of immigrants into society. Our immigrants these days disappear into the massive apartment complexes or communities entirely of like-minded immigrants, and into the back of restaurants or warehouses. They’re practically invisible, other than the ones living in the streets. They have near zero integration and their children don’t integrate well either, pronounce the ‘s’ in Illinois despite having lived here their entire lives.
I think that after the young people are given some form of legal status, it will be easier for their older relatives to come, via conventional trains, planes and cars.