-- 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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If you live in an IL municipality outside of Chicago, why wouldn’t you want illegal immigrants who can’t speak English alongside your children in the same classroom? How does that not slow down the learning process for the majority of the students? Any such municipality that would want such a setup would seem to have brain-dead leaders. Even if the Spanish-speaking-only illegal immigrants were taught in separate classrooms, wouldn’t that increase your already obscenely high property taxes?
The whole thing is BS. Somehow the fat man finds $11M dollars of tax payer money to pay for illegal immigrants…how bout perhaps solving the pension problem coming at us like a freighttrain? Schmuck.
I completely understand why any municipality wants nothing to do with migrant mess.
But I’m confused, the entire state is a sanctuary state not just Chicago, but somehow JB’s STATE executive emergency declaration order and all the services that are listed to be provided to migrants only seems to apply to Chicago? So, why is JB now desperately dangling a few $bucks$ to suburbs hoping they house a few migrants? Shouldn’t he simply be having Kwame enforcing state executive emergency declaration order in all the municipalities and counties in sanctuary Illinois?