-- 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 is not such thing as free anything in this world.
There is such a thing as Tax Tax tax though.
Does anyone [else] think this will be used so that the mothers in two-parent families can work at $80,000 per year jobs giving rise to a combined family income of $200,000 with back-to-back 401(k)s and a big house in the suburbs with a two car garage? Government subsidies for the wealthy? These programs — like the COVID checks — ought to be means tested. Single moms living paycheck-to-paycheck: different story. If you can get them to work there can be benefits all around. Only problem, of course, is what sort of high-paid bureaucracy would be needed to do the means… Read more »
Mediocre child care is $1,000 a month. For a single mother secretary making $40k a year, child care is almost a third of your total pay. There’s major regulation of square footage, facility sizes, bathroom access. Yes child care should be regulated but it’s so expensive because of the strict space and room and teacher/student requirements.
Easily solved. Any mother with more than one child is conscripted to a child-care position at a neighborhood camp where everyone has their own rice bowl. Most children will learn by example. One generation: problem gone.
Yes, we must have the government raising our children from pre-natal stages (medicaid) to through birth (WIC), and now childcare too. What is the point of even having parents if the government does just it all for you?
How long before the government forces children to be sent to camps – away from parents – for re-education?
The automatic solution to every problem- “free” government programs. No thinking required, a 6 yr old could be taught to parrot this line. And that is apparently what our schools are intent on doing. Doesn’t require much effort for teachers either. Students don’t even need to be able to read to memorize that one thing- free government programs!