-- 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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Who disburses the skim? Thieves want to know. It’s gotta be fair and equitable.
They can be housed in the empty stores downtown. In San Fran more and more stores are closing. https://www.naturalnews.com/2023-05-10-t-mobile-closes-down-flagship-sf-store.html
Is there a list of stores closed in Downtown Chicago?
This is a Democrat self created crisis. Especially the knucklehead Sanctuary City Democrats. Why should taxpayers in sensible places like Ohio, Indiana, Texas etc. pay for Chicago Democrat virtue signaling? Why should my eldery ohio mother’s taxes be shifted to fools like JB, Lightfoot, BJ and Durbin? This self created crisis can be solved in an instant with a closed border and deportation. Period.
“Given the significant role government entities and organizations in Chicago and Illinois have played in welcoming migrants, it is critical to secure equitable funding to meet the rising need.”
Chuy openly admits the illegal con job. Incredible. All we need now is for Durbin and Duckworth to warble.
Illinois Democrats In Congress Using Illegal Alien Fiasco As Opportunity For Another Cash Grab
Folks, policies like these by Democraps will break America. Your only hope to delay the ramifications is to stack. Soon it’ll be cheaper to wipe your dupa with dollar bills than buy TP with them.
Like in 1920’s Weimar Germany, Old Joe, where eventually the Mark was so debased that it took 200 trillion of them to buy a loaf of bread – and then many, many went hungry…
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
“A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923…
By November 1923, one US dollar was worth 4,210,500,000,000 German marks…”
Spot on GM and the left will never discuss the end ramification of inflating the Mark to zero. Yep, that obscure fringe candidate of the National Socialist Workers Party. I pray we don’t end up there but history says that’s where we’re headed.