-- 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 Standard Club shelter on Plymouth between Jackson and Van Buren should be closed to free up police resources in the First District. It will reduce: 1) shoplifting in the loop (unless CTA cards are issued to the departing migrants); 2) maternal and infant street-corner begging (who is making money with those pre-pack candy kits?); 3) jewelry thefts and fights near Dearborn and Van Buren; and, 4) restore some semblance of order to Pritzker Park and the surrounding area.
“After those shelters close, migrants will be assigned to one of the 14 shelters the city continues to operate and still receive the same services from the state.”
So, not much of a savings for the taxpayers. We’re still funding “services” for the illegals and their children will still be in our public schools.
So will DeLeon’s position be eliminated? Don’t bet on it. Everyone needs a deputy director for illegals that are being distributed amongst the nearby communities.
That there’s an office for illegal aliens with a budget to spend tax dollars is all you need to know.