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The Cook County and Chicago pilots were funded via the American Rescue Plan Act as part of coronavirus pandemic recovery efforts. At the Basic Income Guarantee Conference in June, Mayor Brandon Johnson said he’s committed to expanding the program, though he did not say how.
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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If you want to get ahead try a job like everyone else!
And therein lies the rub. Any negative results will be framed as needing more time.
You’re really not helping these people, they’ll never get ahead just by giving them money. This program needs to have some sort of personal betterment requirement. Require them to take additional schooling, job training or a financial management class. They can yell and scream all they want that they should make $75K a year working at McDonalds but that will never happen. My college degree is useless other than being able to apply for jobs that required a college degree. At 40 I took some classes and changed careers and tripled my income. There’s a lot of careers that pay… Read more »
Getting a job should be the first priority but therein lies the problem. The way the system is up is if you make a certain amount of money you start losing benefits so it is a disincentive to look for a job. Most make more in benefits than they would working. So this is my idea. Make it possible that a person on welfare or low income can both work and get benefits without being penalized. This should be done for 6 to 12 months. How many check cashing places are you aware of. There are a bunch in Rockford… Read more »
The check cashing places exist several reasons. The first is like you said, public assistance recipients are punished for having assets. The moment you get any wealth, try to step out of poverty, you lose your benefits. The food stamps are worth at lease several hundred per month but the medicaid health coverage is huge. That’s worth tens of thousands a year for a family of three. They make you ‘spend down’ the money any assets https://hfs.illinois.gov/info/brochures-and-forms/brochures/hfs591sp.html The other reason is something called being unbanked. People with bad credit often have difficult time opening bank accounts. Most banks use something… Read more »
Maybe bust these unions and more money will be available for these giveaways. Illinois public employee unions are the filthy cancer that is killing Illinois
What Will Johnson Do With The Money He Gets From Tax Hikes — Spend It On More Basic Income Welfare Giveaway Handouts That Don’t Make Anyone Better Off
The government can’t give anything to anyone without first TAKING from someone else.
Well recipients, the free money you got put someone else behind…
If the “someone else” has more assets than the recipient, then it’s all good, according to the socialist. The goal is to equalize the assets of the two entities. Of course, the public union employees and retirees who claim to be something called “Democratic Socialists” or some similar phrase don’t think like this. They don’t want anyone taking from their bloated salaries, bloated pensions, and/or free health care.