-- 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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Dulca Hogar Chicago!
This is some of the most disgusting theft I’ve ever witnessed. What kind of assholes can look these people in the eyes and feed them paper plates of moldy food while taking home $20K a month? The only thing worse is war profiteering.
This is why I said a while back that the numbers don’t add up. A family of 4 is getting the equivalent of approx $92K a year. There is no way this is costing that much to house someone in a shelter or in a tent. Cash cow for a few and sleeping on a cot or floor for nearly all of them.
I’ve been talking to migrants for weeks. Most are staying at police stations or in an open room with cots. Most fight over two bathrooms and get fed garbage food on paper plates. These open rooms are extremely loud and there’s no way anyone could sleep peacefully with kids screaming and phones ringing.
About a third of them have dental correction braces that are most likely the result of ambitious medicaid policy. This is a cosmetic procedure, completely unrelated to health, that costs between 3-7K over the course of treatment.
Se habla espanol?