-- 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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The correct term is “Public Charges.”
The Texas boarder was living too close to the Texas border I was wondering when the boarder would move from the border to Chicago.
This is out of Colorado. A few hundred is considered a crisis. There are reports that anywhere from 7K to 10K and maybe 15K per day if Title 42 expires are coming in daily and at that rate every 6 months or so a city the size of Chicago is created. That to me is a crisis.
https://coloradosun.com/2022/12/15/denver-emergency-declaration-migrants-humanitarian-crisis/
https://www.foxnews.com/politics/white-house-insists-preparing-title-42-expiration-wont-say-how
It’s not a crisis to the Biden administration, more of a dream come true.
Crazy, absolutely CRAZY!