-- 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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These are some interesting regulations that these towns are creating. Aren’t there college buses that drop students off in some of these towns? Are they subject to the same regulations?
Why is Hinsdale or these other suburbs complaining? Put the free loaders on the next Metra train to Chicago and the problem goes away. Duh!
With many people working from home, putting the illegal migrants on the first train into Union station would be needed business you would think for the Metra. Certainly not a train stop or capacity issue.
Chicago & Illinois wants to be sanctuary city and state in name only with no legal framework or laws to deal with the unfolding disastrous reality
These communities appear to be lead by political hacks, clowns, and stooges. The illegal migrants will continue to arrive to the sanctuary state of IL and it’s town and cities. Biden, Pritzker, and Democrats want that.