-- 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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Biden dropped the ball on day one! But then again that was his plan all along so he really did not drop any ball.
I still don’t understand why the city has decided to take on the obligation of supporting these folks. The city could just say “Welcome to Chicago!” and let them figure it out themselves. They’ve got $5,000 debit cards.
Didn’t the City promise sanctuary? If it didn’t the migrants apparently sure thought it did. Sanctuary means shelter, food and amenities and to these migrants it’s like the pension issue taking it as a promise in other words. The Chicago public really blew it on this one last election and now they are stuck with what they voted for. We should stand back and envy these fine Chicagoans because how many others can say they got what their politicians promised last election?
Technically, sanctuary means non-cooperation with federal immigration authorities and don’t ask/don’t tell for state and city benefits. This new policy of making migrants some kind of ward of the state is quite new, and comes directly from the buses Abbott drops off in the middle of the night. The city believes it’s a humanitarian effort to give them housing, food, healthcare and pocket money, as a virtue signal. But they are quickly learning, as did the Venezuelan government, there is no end to the assistance after it begins. If they city just stopped taking care of them, and let word… Read more »
The crazier thing is that these people all know what they are getting into. This isn’t 1890 anymore, where it would be difficult to telegraph a family member back home of the perils. They all have cell phone and texts and emails and social media feeds. They all know exactly what to expect when they get here. They are all aware of the decrepit living conditions most of them have sleeping on the floor of police stations. Yet, they still come.
Ald Hopkins doesn’t know how the vote would go? He’s the only one. Not the sharpest tool in the shed.
Ald. Hopkins,
It’s better to be thought a fool than to.open your mouth and remove all doubt. With sincere thanks to Abraham Lincoln.
Right on, Old Joe!
Ald. Hopkins is “not sure”.
The question of the day:
Is Ald. Hopkins a man or a mouse?
If we put a piece of cheese on the floor in front of him, Ald. Hopkins would confirm what we suspect to be true.
(With sincere thanks to Groucho Marx!)