-- 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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Don’t understand how anyone can look at this situation and think it makes sense. $550M dollars on illegal immigrants…it is out of control. This needs to stop and now. Some how these crooks find 1/2 a billion dollars for this stupidity, but can’t find a dime for real issues facing citizens. Please vote these people out of office, it is unsustainable.
This is completely insane the amount of money the state is paying to take care of a small number of migrants. A billion dollars fills a lot of potholes, buys a lot of new playground equipment, builds a lot of community centers, provides a lot of tax credits.
We are living in a nightmare no Night Terror environment. If any of us were in a coma for the last few years woke up and realized what was going on we would demand to go back into a coma or ask for euthanasia.