-- 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 am one of over 8 million Americans who have had their social security numbers “borrowed” by an illegal invader. The IRS considers them borrowed because the invader hasn’t committed any other crime and is only using it to work in the USA. They are contributing to Social Security though currently disqualified from collecting any. It is creating a problem for the individual citizen and the IRS, lots of confusion. Durban? Duckworth? Disinterested! Their big value is month by month support of the SSA.
I’ve seen paperwork coming across my desk where four different illegal immigrants used the same citizen’s social security number…Does Joe Biden, or anyone in government care?
Re “he hopes to stay in Chicago and that he’ll do anything for work: painting, cleaning, construction.”
What a jerk. Those jobs should go to Americans, not to people who have unlawfully entered the country. And, yes, Americans will do those jobs.