-- 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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I’ve got my bucket of popcorn ready for when Mayor BJ gets caught in the intersectional crossfire of having to answer to his black constituents for subverting their neighborhoods with illegals, and his CTU puppetmasters who wholly support the mass influx of illegals. His head will explode trying to figure out to whom he should prostrate himself first.
CAN’T HELP THE SENIORS AND HOMELESS BUT THEY HELP THESE MOOCHES…..SEND THEM PACKING!!!!!!!!!!!!!
In my second career, I dealt with many politicians and after 28 years went in to retirement with respect and admiration for only three of them. Alderman Beale was at the top of the list. He was genuinely interested in the well being of the ward residents and the staff who worked for him. The fact that he recognizes that the wasted money would help the citizens of Roseland and West Pullman and speaks out against it only increases my respect.
Beale’s main concern is that the gravy is flowing away from his tried and true voting base. If the illegals weren’t receiving any assistance, chances are you wouldn’t hear a peep from him.
108K per year is more than Old Joe ever grossed during his career.