-- 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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New American Welcoming Center. I’d be interested to know how many tax dollars they get to welcome people that don’t want to learn English and try their best not to assimilate and keep their native cultures, contrary to America as they may be.
“… emphasizing state law over federal threats.” Huh. This seems to imply that federal deportation of illegal immigrants isn’t based on law.