-- 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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Realistically, these people were probably living in squalor before they came here. That’s why they left the slums of Venezuela. It’s not like these people have any experience living in the first world with first worth sanitation standards. This place, with running water, 24/7 electricity and free Wi-Fi, climate conditioned, it probably a better living condition than the tin-roofed shanty they left in Caracas. Yes, it’s wrong to allow these people to live like this. No one should live in these nasty shelters but it’s not to be unexpected. We invited to Chicago the poorest of the poor from South… Read more »
The Democrat mind at work:
Sanctuary City: All good, it’s just a theoretical construct.
Unsafe Shelter for Illegals: Not our problem, sucks to be you.