-- 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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Gee, and to think I always had to pay my rent or mortgage…..what’s wrong with me? Even lived in several dumps in East Lansing during my college days. Where can get some help?
once again, who qualifies for $9,000 rent assistance? Only Venezuelan asylum seekers, like pending work permit program? only RRM participants (5.5 mil nationally)? anyone who walks into a CPD police station and claims asylum? any of the 100’s of thousands of chicagoan undocumented migrants (majority Mexican) already here? Where or when are advocates for US homeless going to start filing lawsuits demanding equal treatment?…..There are no rules, there is no legal framework…the JB/Brandon migrant clown show train-wreak goes on…what an F-ing joke!!
That is the cost of a tent bought from a democratic business.