-- 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
What, no hotel rooms available in Chicago?
The ILLEGAL IMMIGRANTS bused to Burr Ridge, Elk Grove Village, and Des Plaines got hotel rooms – what’s with that? Where’s the equity? Aren’t all ILLEGAL IMMIGRANTS entitled to the same treatment?
And the homeless vets – what about them? They live on the streets, but ILLEGAL IMMIGRANTS get three hots, a cot and medical treatment? Great plan, LL.
Oh, the hypocrisy!
Not much of a solution for a City that declares itself a sanctuary city. All talk and bluster from Little Lori, but can’t back it up. Such a clown.
Why wasn’t this available for homeless veterans in Chicago?
Maybe if the Veterans should sneak across the border to Mexico and Central America they will be taken care of. It’s really sad that our veterans are being treated like this but if you come across the border you are treated better than veterans who sacrificed a lot.
Again, Chicago chooses a location as far away from city center as possible.