-- 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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Don’t evict them … DEPORT them along with their anchor babies.
Now, that’s a law that needs to be repealed. Popping out a baby on U.S. soil should NOT give the offspring citizenship. It’s an absolutely insane law.
As if you’re going to get anything remotely close to transparency from a city government that has been sued repeatedly to provide data that should be open to all under the “ Sunshine Act “.