-- 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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There are trainloads of migrants riding towards the border. The cartels are earning fortunes in transported migrants to and across the border. Texas is overwhelmed with “recently arriving migrants”, and quite understandably, finally began dispersing these “migrants” north to the self-proclaimed but previously largely unaffected blue-state “sanctuary cities”. This is only the beginning of tidal wave of “migrants” arriving to Chicago. We’re likely to get 50,000+ “migrants” this year alone, in addition to the documented 183,000+ (Trib 2017) undocumented noncitizens already residing here.
Defund the illegals and they will go away
Lopez is only Alderman who has the courage to speak out on the unfolding migrant disaster. I guess he’s not worried about getting his place in line at dem convention in a year. And meanwhile, from yesterdays ST Op-Ed, Raising real estate transfer tax to ‘Bring Chicago Home’ is bad idea – Chicago Sun–Times (https://chicago.suntimes.com/2023/9/18/23875384/real-estate-transfer-tax-doom-renters-business-homeowners-farzin-parang-jack-lavin-cuculich-op-ed), the authors are claiming the Brandon administration is sitting on a giant stack of unused fed, state & city COVID $bucks$ that where slated to be used for homeless housing?? “The city has been unable or unwilling to explain why only a fraction of current… Read more »
Where does the money fly in from so it can then fly out? Inquiring minds want to know.