-- 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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Wait a minute…
“state taxpayers and philanthropists will spend $4 million on meals for migrants for the remainder of the calendar year.”
So from 01/01/2023 through 12/31/2023 the total spent will be 14.5 million (12.5 million from us taxpayers and those who gift) and 2 million from the Greater Chicago Food Depository?
After GCFD takes care of the legacy Chicago family (the old, sick and those in poverty) they have an extra of two million to spare to cover the shortfall by local and state governmental bodies?
Meals for Migrants……isn’t that special. Hmm, what kept them alive for years before they broke into our country?
With all the money spent on jumpers so they can live in tents where is the discussion about the homeless who have been on the streets for years? Here is some info about San Fran and a (not kidding) Poop hotline (311). When will Chicago get one? If you see a deuce on the sidewalk do you call the hotline and send in a photo? Look how fast our country is deteriorating. This would otherwise be funny but is not. SAD!
https://openthebooks.substack.com/p/updated-the-san-francisco-poop-map