-- 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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These folks in the communities need all the help that they can get. Fraudulent PPP loans, a bi- weekly check, food stamps, free education public housing and all the other trimmings will only take one so far.
Rightfully DJT is working to get these aliens out of the country, before they start voting for the Demoncrats 😈😈😈😈😈😈!
From the way I see it, the problem isn’t so much the migrants, or even spending money on them. It’s how much was spent with so little to show. This being Crook County, most of the money probably went to well-connected insiders or to folks who flat out don’t know how to use it effectively. The only winners are the grifters and the politicians they back.
As the Doge revelations about COVID money, USAID money, green money et al, continue to pour forth, it appears that there was a higher order money game that favored local and state government budgets over citizens’ interests. So, yes, money that could have been spent on improving quality of life, health and safety for citizens, was spent on migrants—but—with that spending to support the Biden open borders policy, the governmental entities gained significant money to shore up their budgets and in turn, their political interests. Politicians of all kinds convince themselves that their individual success will benefit their constituents, thus… Read more »