-- 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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City Council Clown Committees have only one purpose — giving federal prosecutors an endless supply of corruption to investigate
You didn’t expect our aldercreatures to actually work to solve problems?
$125 mil /8,000 immigrants = $15,625 each just thru June!! WOW ,what a clown show—-“The city was looking for more funding from the state and federal governments, since the cost of assisting migrant families was expected to climb to $125 million just through June. Altogether, more than 8,000 migrants had come to Chicago since August.”
It’s my understanding that alderman Lopez is only one asking for an accounting of what exactly the $125 mil for immigrants has been spent on to date. Or maybe just like covid, shoveling $ at the situation w zero accountability is the chi/ill way to go with all kinds of folks lining their $pockets$ as usual
Chicago pays market-price for those hotel rooms occupied by migrants in Michigan Ave corridor hotels. Vendors serving “migrant issue” needs are paid very well for their services and products. Some businesses get rich contracts by “serving needs” of migrants and homeless. “Homeless advocacy” can be well-paying career-path for folks in non-profit services sector; administrators are well-paid. Michael Shellenberg’s 2021 book “San Fransicko” describes in detail the profitable “non-profit” business-model “homeless service agencies”, contracted by municipalities to supposedly address needs of homeless people, but actually aggravating homelessness and related problems, because those contracted “free” services enable those homeless people to continue… Read more »
Yup, we’ve got the corrupt Homeless – Industrial Complex roaring right along up here in Evanston, with a grifting “non – profit”, “Connections for the Homeless”. The imbecile city council just approved the use of a former boutique hotel, the Margarita Inn, as a trashy permanent homeless shelter. Evanston has been paying Connections $178..00 per room (at 60 rooms) for over three years now. Connections in 2019 was a 3.5 million dollar outfit, now they are worth 15 million – easy livin’ with a racket like that going on…!!! I’m a neighbor of this sty, and it is destroying the… Read more »
Wasted away again in Margaritaville……