-- 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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Am I missing something? Since when does a $57K income for a family of three qualify you as “low” income. Is the $57K from working? If I’m not mistaken food stamps/child care/housing subsidies/health care/etc the value of which is not factored into income. Only a check from the government or employment is considered income. Please correct me if I’m wrong
When? since the Joe Biden junta stole the election!
Be sure to measure the impact these programs have on the sale of weed and lottery scratch-offs. There could be a meaningful correlation.