-- 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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“Newly arrived investors in American Dream”?
Please publish Alderman Reilly’s letter to Mayor Brandon concerning public defecating, urinating, fornicating, and substance-imbibing by “newly arrived migrants” in immediate vicinity of former hotel “Inn of Chicago”, presently housing 800+ “investors”. What a nightly shit show. Horrible. Imagine living next to such a dystopian street fair.
Everybody has an opinion. Some are better than others.
Sugar-coated nonsense.
What do expect from Crains, business news? The trash heap of history awaits them.
Come on, guys. They publish opinion columns from all sides just as we do here. This was not their column.
Crains failed us for 20 years, promoted every liberal derelict including Obozo and never truly supported IL republicans. They suck. Sorry if they have some sort of deal with you guys at wirepoints (who are doing the work crains should have been doing) but Crains is the enemy of business interests in IL.
So illegal aliens and asylum fraudsters are ‘investors in the American dream’? Really? Do these people think that anyone believes this virtue signal vomit?
The article was mostly about legal immigrants.
Read the article several times.
I suppose you could infer that the authors were mostly talking about legal immigrants, but this was not stated explicitly. Their reference to “negative national immigration rhetoric” seemed to be a reference to illegal aliens.
That is much of the problem with the debate — open borders advocates treat illegal alien and legal immigrants as the same thing.
There’s a small subset of legal immigrants that ‘invest’ in Chicago. But this glosses over the negatives that no one dare speak: These businesses are little more than clan and family based nepotism networks that cheat on their taxes and break most regulatory and tax laws, often by hiring illegal immigrants of their own, underreporting income, and not complying with OSHA regulations.