-- 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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Income is defined as “the amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of property, or as profit from financial investments.
This is not “income” being given out, it’s Democrat welfare and bribery.
$500 per month for my property taxes would be a boost for my wallet considering I do not use most of the services they say my home needs like the school district.
The program marketing states “EQUITY AND TRANSFORMATION is giving $500/month to 100 formerly incarcerated individuals for one year.
If the program is temporary, and the participants know that, why would they be discouraged from seeking employment?
“but many still struggle to find permanent, stable jobs.” Yet, most of them still didn’t work at all or only worked sporadically, but all self-reported that they were seeking employment. That being said, a felon with a criminal record, no marketable skills, limited education, and likely, ever present child support obligations and creditors, has extremely limited employment prospects, especially when there will always be an illegal Venezuelan or other ‘migrant’ wiling to do the same job, off the books, for half the price, while abandoning their children and family ‘back home’. I’m not sure the answer is to give people… Read more »
I thought the prisons had training programs for the prisoners to transition into an employment field after incarceration. Are these programs similar to other educational programs in Illinois that are failures?