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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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First come first served. Just like it was with overly generous pensions.
It called take the money and run as fast as you can.
All said the poor honest hardworking taxpayer foots the bill.
What a hoot. Every illegal immigrant who is already eligible and creating medical bills for Illinois taxpayers far in excess of the $500 million budgeted amount stays eligible, but JB gets to claim he’s ‘solved’ the problem by ‘pausing’ new enrollments. Not to mention the fact that it’s ‘good luck to you’ finding a private-sector insurance policy that lets you off with a $100 ER copay, and only $250 for a hospital stay – for which you’re probably paying $300+ out of your pay twice a month. Why on earth do so many working-class Illinois’ Dem’s put up with this… Read more »
Im a little cofused by articale, the states going to spend, cap or cancel spending $550 mil on fee migrant healthcare that it just allocated?
“It doesn’t just affect Latinos — it affects all of Illinois,” Gonzalez, said. “You would think after years in a global pandemic that the state would understand firsthand what lack of health care does to vulnerable populations…”
Cry me a friggin’ river and then jump into it… illegals and those who have not been here five years legally yet should receiven NO public benefits – they should go back to where they came from and get their “health care” there…