-- 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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And boatloads of money to the Cayman Islands.
And that “staffing firm” is owned by what politically-connected folks?
47/51 = 92% of funds going to pay salaries and 8% going to address the goal of the program. That’s Chicago values!
And another reason to stack.
Migrants do not vote. Staffing employees do vote. It is always about the money when you deal with government.
Of course migrants can vote, many do vote, even without citizenship. When were you last asked for photo ID at Chicago voting site? When were you ever asked to confirm citizenship when completing voter registration form?
“When were you last asked for photo ID at Chicago voting site?”
The Illinois government considers it racist to ask for and ID when voting; but to buy legal cannabis, they ask to see your ID twice and take a picture of it at least once.