-- 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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Folk, this blurb is chock of reasons to stack.
Totally misleading headline and story. All it is saying is that SNAP payments are due and that the MAXIMUM POSSIBLE benefits — which not everyone gets — are x dollars. The $2,113 payment would be for a SNAP eligible household of 10 people. For 1 person the max is $211 and not everyone will get that. Some, perhaps many, get the minimum possible monthly payment, which is $95.
Says right there “worth up to”. What’s the misleading part?
The misleading part is the implication that this is a newsworthy one-time windfall that all SNAP recipients will or potentially could receive this month, when it’s merely a reflection of the normal SNAP allotment, and the amount quoted is a maximum that only a fraction of SNAP recipients (those in households of 10 or more people) could receive.