-- 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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How many of those 530K were pregnant or had kids here in the states so now the kids are citizens?
What do we do with the now legal kids of migrants?
The State of Illinois takes care of them from the cradle to the grave. I’m still shocked at how many schools throughout the state are majority minority and how few of them are learning anything, and the test scores are abysmal.
Nothing but glorified day care centers.
All good news. See your population is growing. Of course 95% of them are sucking up your tax dollars as fast as they can, but you sub-cutaneous mold don’t care. You don’t have the cranial capacity to care.
Most of us realize what’s going on, and we despise it. We haven’t reached our threshold of pain yet to move from this mismanaged state. Some of us just keep increasing our threshold. That could adversely affect our mental well-being.
Speak for yourself, most people care and are fed up with it and have been since it started.