-- 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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Lots of jobs in the political arena. They can be governors-senators-alderman-mayors because soon it may be legal for the undocumented to do so. Anything is possible now.
35,000+ recently-arrived migrants, at least 50-75% are men of working-age.
Where are the supposed “job opportunities” for gainful employment for these 18,000+ men?
Most have neither higher-education, nor English language fluency. $5-$15/hour off-books jobs don’t sustain families, nor hardly suffice for a one-person household. Chicago environs don’t have thousands of $25/hour jobs with benefits available for these mostly unskilled non-English-speaking, no GED-equivalent undocumented people. Notion of “Sanctuary City” is absolutely dependent on continuance of social-welfare benefits, flowing for years to come.