-- 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
Drug shortages in IL coming in 3….2….1….
Also, this seems discriminatory. Why do low income people get low cost medicine, but people with seemingly middle class incomes have to pay full price?
It’s part of the ‘shared sacrifice’ the Dems have signed us up for.
We’re sacrificing for:
VOTE THE BUMS OUT.
You can’t vote the deep state, permanent state or whatever you want to call it out. The unelected bureaucrats rule by unconstitutional regulation propped up by all three branches of government via bribes, extortion, force, racketeering, and election fraud.
Average out of pocket of $177 per year does not seem too high. That’s $14.75 per month. Less than the cost of 2 tanks of gas in a year.