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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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“Chicago risks destabilization by thousands of migrants from Central and South America who have been foisted upon the city unexpectedly by Southern states that feel similar pressures.”
When you are a sanctuary city this should not have been unexpected. The city leaders openly bragged about that self designation and should live up to it. This is not the fault of other states in the south.
This is the most ignorant and racist editorial I have ever read. And that’s saying a lot. Non-English speaking illegal immigrants are not pawns you can just pick up and relocate, 20 to 40 at a time, to various small towns around Illinois. I can’t think of a greater culture shock than relocating mostly urban dwelling south american immigrants into rural illinois, where little or no spanish speaking community exists. Southern IL residents aren’t ignorant provincial racist hicks for rejecting single, dozens of military aged men, with little marriage prospects with local women, from relocating to their town. And the… Read more »
I might suggest to Chicago that you got yourself into this mess so suffer the consequences by yourself.