-- 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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Again, no talk of the immigrants now here NOT being bussed by Biden or Abbott, but just showing up on their own. They too are crowding schools, crowding ERs, causing higher rents, higher car insurance prices, block the traffic selling roses. And our property tax bills just went up ridic amounts. A Democrat utopia!
Wait, you’re going to put a tent city where?
Middle of Lake Michigan for starters. LOL? Call it Migrant Waterworld.