-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Here’s something Illinois has never tried: “Dear Texas: We had NO IDEA what you have been forced to endure/fund/provide for decades, until recently when we were able to experience a tiny percentage of your burden. Thank you for your kind generosity and compassion for human beings over decades of enduring 100 times the amount of illegal immigrants which are now crippling social service provision in our largest city, Chicago. We are very grateful that you have borne that burden for the benefit of all Americans, for decades, and apologize for our tardy participation. Will you accept sincere gratitude from Illinois citizens,… Read more »
The biggest potential scam, from reading st & trib articales, apparently to $cash-in$ on free rent and additional up to $15,000 in assistance benifits you don’t necessarily have to be one of the 11,000 “new arrival” (6,200 bused from Texas) migrants. You can be anyone of the zillions of undocumented immigrants already here and simply go to police station or one of the new shelters for migrants, inform them your “unhoused”, homeless, and sign up for giant benifits…. While US citizen homeless are out of luck…EQUITY!!!
This is a great example of “be careful what you ask for.”
Correct me if I am wrong please but it is my understanding that the census counts these people and are used in the determination of electoral votes and members of the House of Representatives. Should my thoughts be correct you can see where this is leading when Illinois trades its Electoral votes for favors most often from the Democrats. People may be moving out of Illinois wholesale but Pritzker can count on the illegals to keep his boat afloat so to speak. Referring to another post here I wonder if 70% of Illinois voters disapprove of this situation or better… Read more »
You’re not wrong. Trump tried to fix this with the census but a Democrat appointed stopped him and the SCOTUS punted on the issue.
Wow. Who coulda seen this coming?
#JournalismIsDead
Hmm, LaShawn has spent his political career grifting and just now finds out there’s a cost to his grifts!
It is a bit humorous to see those who worked hard to ‘virtue signal’ now get the bill for it.
Political hypocrisy is the name of the game for Chicago democrats. Toe the line about “sanctuary cities” until the favored minority starts to complain about the benefits going to the border jumpers.? I am reminded of a line from an old Laurel and Hardy film: “They’ve buttered their bread, now they’ll just have to Sleep in it!”
I read articles that there could be over 250,000 undocumented immigrants living in Chicago but nobody really knows. Coming and going by the thousands daily. The city claiming they are trying to house 11,000 “new arrival” migrants of which only 6,200 have been bussed from Texas ,per nbc, is just a tiny drop in the bucket. The city shelters are a complete virtue signaling joke. Looks like NYC/ Adams has already thrown up the white flag and given up on the whole sanctuary city deal….Abbott’s winning, exposing the hypocrisy
https://nypost.com/2023/07/20/national-guard-resists-handing-out-nyc-flyers-urging-migrants-not-to-come
Yeah, LaShawn, and it was the earlier generations that built those homes with old world craftsmanship before the current residents destroyed the place. Maybe the new residents will be better stewards than your constituents.