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.
Money for nothing, chicks for free
I want my GI MTV….
The success of the guaranteed income pilot would only prove that giving people money to spend however they deem necessary is better than using tax dollars to fund social services and assistance.
Of course they have no intention of dropping the social service programs. Too much money flows through them to their loyal political supporters.