-- 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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They can all blame JB Pritzker. He’s the liar who promised Illinois would welcome migrants into the grand sanctuary state of Illinois. As usual, Governor Blowhard just wanted to make bold, progressive proclamations about all he was supposedly doing. Unfortunately the man who inherited billions let people down…..again.
The Catholic Charities people are the worst, just the worst immigration ideologue zealots out there.
And this is the towering height of stupidity: “She said case managers in San Antonio don’t ask why migrants want to go to their final destinations…
“It’s just like when somebody’s hungry, we don’t ask the circumstances for why they’re hungry. We just ask: You’re hungry, how can I help you?” she said…”
Catholic charities are social services zealots who make next to nothing, but are rewarded through ‘feel good’ progressive ‘make a difference’ actions.