-- 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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That’s just a fraction of the cost. How much did it cost to provide all the illegal immigrants with free health care?
And it’s just the direct cost of the 35,000 or so asylum seekers sent to Chicago. The media continue to get this massively wrong. There are 400,000 to 600,000 illegals in IL alone, imposing massive costs not counted.
And the legal citizens be dammed………disgusting