-- 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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Cook County is truly a third world he11ho1e. This is the official policy of Cook County. This is what the voters voted for. They voted to overwhelm the county with poor and impoverished third world immigrants. Over 21% of the county is foreign born. 35% speaks a language other than English at home. This is terrible for blacks (24% of the county) who compete with poor and impoverished third-world immigrants for housing, food, employment, school resources. Ultimately, they all become poorly educated with little to no marketable skills, and we have vast swathes of the county that are almost entirely… Read more »