-- 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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Folks, when the government grants money to facilitate an illegal activity you know it’s time to stack.
From reading all the articles, it’s very hard to know what the cities budget is on a per migrant/ per year basis and what that includes? Probably the city & state have no clue either, just keep throwing countless $100 of millions of taxpayer bucks at this bottomless pit situation as usual?
Remember how much fun the dems had trashing President Trump for his sincere efforts to control our southern border…??? Now they aren’t laughing so hard…
These are not ‘migrants’. They are ILLEGAL ALIENS!