-- 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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ICE should conduct a spot raid on these protesters and round up any illegals. They should also report the names of any citizens marching with them and prosecute them under the very clear federal law, which is part states, as follows:
“A person (including a group of persons, business, organization or local government) commits a federal felony when he:
knowingly assists illegal aliens due to personal convictions.”