-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Didn’t I just recently read that illegal age 65 and above will be covered for Medicaid? Be it Chicago or the State they just can’t quit spending. “Cost cutting”…yea right.
Correct isn’t that nice illegal and free Medicaid
And votes. Sedition
Or maybe in a move to consolidate unites of government they could get all thier health care needs through ccdph? Sure they would love that, supporting thier public sector union brotherhood!!
With the self-insured health insurance deal– maybe put eddie burke in charge? –because he did such an honest/ bang-up job with the self-insured wc deal the city had!! What could go wrong??
Wait. You mean there are cost cutting options instead of endlesssly rising taxes? This is a nice start. $500 Billion more to go.
“Primary care physicians are held accountable for their performance against key performance measures.” – Can we have similar measures for CTU?
“$15.9 million by renegotiating information technology leases and $4.5 million by renegotiating the city’s towing contract” – So we can renegotiate vendor contracts but not union contracts?
Then there’s charging people for false alarms to the police or fire dept. Are these resources really that stretched at any given time? I get charging fines for repeated false alarms, but this seems like an additional safety risk.