-- 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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Can’t read the article without registering, but I know that Crain’s and Hinz are Democrat apologists. Are Wirepoints and Mark Glennon RINO apologists?
Personally, I’m not even a RINO. I’m independent, though today I align with most Republican policies and I deeply despise today’s far left, which controls the Democratic Party. Wirepoints has no party affiliation and we link to articles from all sides, including those we don’t like. Our own, original articles reflect our belief limited government, free markets, individual rights, fiscal sanity, honest government and the like. We don’t hesitate to slam Republicans who betray those principles.
The only deal should be popcorn and a movie on the buses shipping them back home
If the deal ends up leaving 90 percent of the illegal immigrants unprocessed, that’s not much of a deal. The Dems would win big-time, adding many millions to their voter base.
Hinz is right. Give credit where it is due.
Voters no longer reward compromise. Our federal government is shut down because the minority party knows that their base wants a fight even if they lose. We are now in the phase of retribution politics and the voters seem to love it. When a party loses power and is relegated to the minority, they simply tell their base we will get even when we are back in power. And on and on we go.
Until the voters grow up and demand pragmatic leaders we will get more of the same.
Agreed. Compromise is seen as weakness. Say one word bad about Trump and you are called a RINO or a lefty. Say one word good you are called a fascist.
What would the deal be? Special circumstances for illegal migrants who chose to come to Illinois? More will come. Sanctuary city abolishment?–never going to happen. Police cooperation with arrests?–contrary to current public policy. This is theater on both sides but also an attempt to make a point in a location that rejects federal authority for immigration and depends very heavily on federal receipts for its existence. The Ray Lopez “compromise” that includes forgiving the illegal entry as the starting point is an oxymoron but entirely consistent with the democrat position: Don’t enforce immigration law. When Mayor Johnson won’t admit that… Read more »
Primarily, a deal would include separating protesters from ICE agents who should be allowed to do their jobs and prosecuting protesters who interfere with ICE. I would like to see sanctuary laws abolished entirely. If that can’t be done, the city and state should not be going further than the sanctuary laws allow, which they are doing by trying to run all ICE out of the city and state.
The Federal government is because it ran out of money. America has more debt than any other country in the world by far. This is going to destroy it for future generations. It is time to stop borrowing money and pay off the debt. Trump is spending money like a drunken sailor and giving huge tax breaks to the very rich at the expense of the poor.