-- 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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Why do you use the term “ unauthorized”? That is so 2020. Simply say what they are- which is “illegal” .
You may want to head over to pewresearch.org if you would like to ask that question. This site didn’t write the article.
And you wonder why our hospitals and health care system is overloaded !!! Unvetted illegal invaders draining every resource for U.S. citizens.
In the democratic eyes. 550,000 voters dependent on them
That’s 4.3% of Illinois’ 12.7 million. Pritzker’s people. Not the poor Americans throughout the state. Not the “working families” he tariffs so heavily. It’s those who jumped the line. Combine that with all those taxes and fees, the SAFE-T Act, the immense spending and budget increases and the magic shield around pensions and he thinks he should be president? He’d be a disaster as president of an HOA.
Yes and it shows
CA Dems’ sanctuary policies have given that state the nation’s highest rates of poverty and homelessness.
IL Dems: HOLD MY BEER!
550,000 poor uneducated immigrants gained, Lost the same amount of high-income job creators. Illinois does everything A$$ backwards. Illinois is lucky to have the immigrants; regular Americans flee Illinois in record numbers.