-- 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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It would be interesting to see how Mexico or Canada would treat “migrants” like this in their countries?
Alderman Lopez regardless of what you call them they are here illegally and are criminals. It doesn’t matter to some of us that some are not, as you put it, more criminal than others. They are here illegally, crossed the border breaking our laws and are soaking up benefits that were approved for our citizens. They have overcrowded our classrooms, our hospital emergency rooms and our social services organizations. Like it or not they are criminals, should not be here in the first place and should be sent back. It is as simple as that