-- 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
Hmm, newcomers will destroy their neighborhood? Pretty sure my in-laws felt the same way about their Chicago neighborhood many decades ago, and they were right.
It’s perfect, somebody to blame! Now we know who got the ghetto up and running.
Racists.
THIS IS THE GREAT REPLACEMENT CONSPIRACY THEORY.
What’s the difference between a conspiracy theory and reality?
6 months
Wait until these military age males show up at your door with guns to take all your stuff.
If only they were more organized, they’d be a serious threat to the Global American Empire like the Vandals and Visigoths were to the Romans. I’ve thought about this quite a bit and basically what’s going to happen is that hispanics will form into large, unregulated and sometimes violent underground economies that operate almost entirely outside of regulatory and legal enforcement structures. They’ll operate entirely using illegal labor and cash, or foreign banking, not pay any taxes whatsoever. There won’t be enough city inspectors to shut down the illegal unsanitary restaurants, or enforce zoning and building codes, or collect sales… Read more »