-- 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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So 100 protesters and a news company thinks its news.
Byron Sigcho-Lopez is a moron. In most countries, illegal aliens would be begging not to be imprisoned for breaking immigration law.
Wow, a whole hundred people! In the old days that would have been the number of people waiting to cross a downtown street during the morning or afternoon rush hour. In this case it was probably where a group of homeless decided to congregate.
Deport these criminal illegal aliens now. The only skill set that they have is as CTU members.
What’s the matter? Afraid to compete with our new residents for a job. These people are here to stay. America likes cheap labor.
No, Stan, while some like the cheap labor, most of America wants good wages for the unskilled, whose pay is being suppressed by more illegals than we can possibly employ. And they don’t want a work force that was let in with no vetting of any kind.
No, Mark, while many people complain about immigrant labor both parties want this to continue. Republicans want cheap labor while democrats want future voters. Each side blames the other and the voters never demand change. Round and round we go.
Nonsense. The polls are overwhelming and Trump certainly would enforce the border at least as aggressively as he did earlier. https://www.washingtonpost.com/politics/2024/02/27/border-wall-has-never-been-more-popular/
You think Trump doesn’t like cheap labor? That’s some serious nonsense. Trump tightening the border does nothing for existing immigrants. These people are here to stay Mark. Not allowing them to work won’t fix anything. They are not leaving and Trump won’t get them to leave.
Many of them will choose to self-deport when Trump is elected. Things are about to get real seriously, very quickly, and sanctuary cities will come around as soon as elected officials start getting arrested. Trump’s people have had four years to craft their immigration plans, and for anyone paying attention, the people in his new administration don’t intend to make the same mistakes twice.
Also it is Democrats, not Republicans, who want the cheap labor, specifically, to reduce wage inflation, and hence, CPI.