-- 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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I wonder if the advocates ever read Who Stole My Cheese? Very likely the migrants, er illegal aliens, stole it.
Taking from legal Illinois residents that are among the most vulnerable in the state, in order to give to illegal squatters. That’s JB Pritzker’s idea of good decision making.
The timing isn’t odd at all. If it quacks like a duck…. We are witnessing the powers that be openly and brazenly now admitting what they have been working at for a very long time. Destroying this Country and the people in it. We have been slaves (through taxation) for decades and with each year they have taken more and more of our God given rights and freedoms away from us with lawless legislation.
Here are some interesting perspectives on abuse of powers. Good info on immigration here and other parts of the world.
https://www.jurist.org/features/2023/04/22/the-rule-of-law-chronicles-government-abuse-of-power/