-- 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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Government posed as “nanny state” responsible party obligated to ensure welfare of all children, even if their “recently-arriving migrant” parents make woefully stupid choices, have flagrantly violated numerous immigration laws to enter US illegally, live here uninvited, to squat in a haphazardly-organized public shelter in Chicago and expect “Chicago” to meet all their needs for free, meaning at taxpayers’ expense, of quality/quantity to abide by stated preferences, gratis.
Any US citizen trying to do same would be escorted to curb, left outside, unfed, unclothed, unhoused, and their children taken to DCFS.