-- 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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I don’t see what return the Citizens of the once great state of Illinois will reap from these ” investments “.
Save taxpayers’ money: one-way tickets back to where they were born.
With all the municipalities so vehemently dedicated to keeping migrants out of thier cities it suprising no opposition to the $478 million state will spend on migrants in ’23’ & ’24’ with vast majority of spending going to city of Chicago migrant mess?
Illegal Immigrants With Anchor Babies Using Up More Welfare Than American Citizenshttps://www.zerohedge.com/political/illegal-immigrants-anchor-babies-using-more-welfare-american-citizens-report