-- 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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European countries are debating paying their migrants – second and third generation – $30,000 each to leave the country. In some of these countries, $30,000 is enough to buy a flat or a plot of land in a rural area. It’s cheaper to pay them $30k one time than to pay them $30k a year in social benefits. This is where America is headed with swarms of illegal immigrants flooding the country.
The taxpayers are footing the ENTIRE BILL for all this illegality…stupid a$$.
How about this…even the illegals want out of Illinois.
I want to relocate out of Illinois where do I get my free moving expenses?
Take a bus to Mexico and swim back across the river. You’ll get a $5000 prepaid Visa, a free cellphone, free medical care, free housing, food and airfare. You won’t even have to wait in TSA lines any more if you no hablo ingles.