-- 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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In a rather remarkable turn of events, the first 5000 selected all had political or family ties to those picking the winners. What are the odds?
Luckily, Illinois government is an excellent role model, free of corruption. Otherwise, this could be abused.
Lori, call it what it is… Free money!!! Money for nothing!!! Pay for people who do nothing!!!
Even worse, people who choose to not work, or are un-hire-able, now have no incentive to change…
Liberalism is a disease like cancer. It will kill the host.
“You’ll own nothing and you’ll be happy.”
Klaus Schwab
White need not apply
They could just throw it out of a helicopter too.
I swear to God I thought turkeys could fly!
They are hitting the ground like sacks of wet cement.
That was a great episode. Watching Less Nessman’s face in his live report was gold.
Is this the beta test for ending targeted aid (food,rent) and just giving people cash?
More welfare giveaways — as if 60 years of failed Democrat welfare programs isn’t proof that free money creates generational dependency and permanent poverty.
Failed Democrat welfare programs? You’re looking at the wrong metric. Welfare recipients overwhelmingly vote Democrat. These programs have been an overwhelming success creating generations of D voters. The point of welfare programs is to keep them poor and voting Democrat. That’s why AOC and Bernie and the Squad want to give away even more benefits – they believe that their progressive faction can steal away votes from the mainstream D’s by giving them expanded free stuff and increase the progressives’ power in government. Republicans used to do the same thing – by giving away corporate welfare creating generations of republican… Read more »
More money for weed and scratch-offs.
The tax is so high on weed, the govt will get most of that money back.
No taxes on street weed or other drugs. Cheaper than buying from the state as well