-- 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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Focusing only on costs associated with the asylum-seekers bused into Chicago is an epic distortion being perpetrated by media. They are a fraction of the illegal immigrants here. All studies and all data indicate the Illinois probably has at least 500,000 illegals, which we have documented before. And the cost they impose on taxpayers is in the billions.
Absolutely correct! I don’t even recognize the neighborhood I grew up in Will County in the span of 30 years it’s Tijuana!
Same for me in suburban Cook County. Unrecognizable. For every three small businesses that closed (pubs, pizza joints, retail) maybe one taqueria opened up, across the street from another taqueria. Exactly zero of my old friends or family even lives there anymore, I don’t know anyone still in the town. I drove past my old neighborhood on the way home for a sports tournament, so we stopped by the one of the few remaining sit down restaurants still open (the new residents are generally too low income to afford sit down restaurants where a server brings you a meal and… Read more »