-- 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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Some organization(s) mobilized this and facilitated filings. How much do they skim off the top? What we really don’t need is well-paid government workers with megaphones telling others how to get free money. Next, of course, more well paid people will decide who gets the free money. QUESTION: wouldn’t it be cheaper to just drop the free money from an upper story on a breezy day?
Ya and 85,000 of them are hackers
How inflationary–consumption without production.
And businesses are BEGGING for workers to fill their many job openings, lol…
Sorry, who doesn’t want free money?
90,000 applications which amount to 4 or 5 real people.
Gimme some free money! Looks like there will be a lot of people unhappy they didn’t win this lottery. Oh well, they can always buy more scratch-offs.