-- 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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Chicago would be a ghost town without them.
An illiterate low-skill recently-arriving migrant doesn’t equate to a departing white-collar professional in terms of payments on generated tax revenues and demands on public services and social welfare programs. Someone please tell JB and Brandon.
Gotta keep those census numbers up lest we lose a seat occupied by the likes of Turbin or Duckfarts, even if it means inviting violent gang/ cartel members to live here.
“Immigrants” LOL I’d respect the Trib slightly more if they just called them asylum seekers or migrants.
Illegal immigrants who are shipped from another state are only visitors for the time being. They have no legal address-no proper documentation-and are not legal residents should not be counted as population but they seem to be just to hide the fact that Illinois is losing residents yearly. This is no different than if Chicago and Illinois would have large festivals like Lollapalooza-Nascar-conventions at McCormick like the auto show/etc at the same time and would be counted as population growth. They are just temporary visitors. I have nothing against legal immigrants who waited in line for years from all over… Read more »
Actually many of us are descendants of folks who came here when European immigration was largely unrestricted, and no government permission was required to take a job. Others are descendants of folks who were brought involuntarily.
If you think about it, most of those European immigrants were settlers, rather than immigrants. Chicago was but a few blocks on a grid when my Italian relatives first set foot in Cook County and built with their own hands their communities, churches, schools and civic centers, turning swampland, prairie and forest into habitable land, one 25×150′ lot at a time. I stress this often, but it’s not like today’s 3rd world immigrants are making Chicago better. They’re taking over the slums and they still look really slummy. Rockford isn’t any less of a dump now that different people live… Read more »
Check your history facts. Immigration was tightly restricted, with country-quotas, outright prohibitions, and mandatory sponsorships, required medical examinations on arrival with immediate denial of found physically unfit, and mandatory deportations after criminal convictions.