-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Get ready for every nook and cranny of said buildings to be just as smelly, vermin infested and chaotic as the police stations and airports were when they housed them there.
Soon, entire pay checks for everyday Illinois Citizens and tax payers will just be deposited into the state’s account for them to spend on illegal immigrants and criminals.
As usual, Dems protecting illegals. Dems need the illegals votes and to prevent loss of congressional seats.
Hey guys, I have a better idea. Why don’t you just pass a law allowing the state to disregard any federal law you disagree with? You could call it nullification or something like that.
Do schools, hospitals, or courts get and federal money? (that’s rhetorical)
NO exceptions on properties that receive ANY federal funds for enforcement of federal laws.
They mean illegal immigrants.
The Supremacy Clause always wins.