-- 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
Picture with Hocul reminds me of the adage “be careful what you wish for.” Voters thought nobody could be worse than Cuomo now thinking what have we done? Same will apply to Brandon and JB if they are replaced. Brandon is already a good example compared to Lori. Vote out the old crooks and vote in new ones.
The correct phrase is ‘Criminal Illegal Immigrants’. Anything else is Orwellian doublespeak Democrat propaganda lies.
Illinois is broke. Chicago is broke so the solution to being broke is waste a couple of billion on illegal aliens. Now that makes sense. The democrats solution, let’s raise taxes on everything. Now that makes sense. What doesn’t make sense is the people who continue to vote for democrats, especially in Chicago and Cook County, when it is quite clear the democrats are driving the state and the city into the dumpster. I quess the answer is that the voters in Chicago and Cook are really, really stupid.
States should be made to have state Electoral College!
My favorite fantasy is Dick or Duck in a triage situation in a local emergency room filled with illegals. That’ll teach em!
How about spending the taxpayers money on legal Illinois’s residents instead of ILLEGAL INVADERS !!!
The Dems don’t want to change the status quo of keeping many millions of illegal immigrants in this country; otherwise, that would jeopardize their plan of creating many millions of new Dem voters.
The fact that neither Pritzker or Johnson would respond to the budget analysis shows that 1) It is correct, and they both lied 2) Total expenditures in the state for illegal aliens is even higher. The cost of public education for illegal aliens is enormous, not to mention the added stress to private assistance, nor the added insurance costs of issuing drivers licences to Illegal alien drivers, not to mention the added crime, disease and petilence. The total cost is waaay more then the $2.5B. These added costs for illegal aliens were unilateraly thrown onto IL cistizens by Pritzker and… Read more »
They are the new face of Chicago. The rich job creators are leaving ASAP.
While we spend billions on illegal immigrants more billions are lost on businesses,jobs and people leaving the state. Take off the rose colored glasses gub. Illinois is a sheet show
The democrats do not care. It ain’t their money because tax dollars
grow on trees that all the rubes and hayseeds have planted in their rural yards.
That’s Billions with a B on this stupidity. Using any tax dollars taken from me for this purpose or creating debt that I or my children or my grand children have to pay back…is obscene. The only people who agree with this sanctuary city and state crap are the people who are getting free housing, food, medical care, etc. The majority of tax payers do not agree.