-- 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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Here is a large cost every taxpayer incurs. The cost to educate the kids of illegal migrants. https://thehill.com/opinion/immigration/3837385-estimating-illegal-immigrations-cost-to-public-education/ https://www.fairus.org/issue/elephant-classroom-mass-immigration-imposing-colossal-cost-and-challenges-public-education These articles are from a few years ago so costs are higher today. So what happens if the Feds stop giving school districts money for those kids who are here illegally? Best guess the taxpayer will make up the difference via the value of their property. Also the cost to feed the entire family by contracted vendors could be close to $70K per year for a family of 4. This is based on a previous article of what vendors charge the… Read more »