-- 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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BJ, can over the hill seniors apply to this program? An extra $500 would pay my car note and leave me with a few bucks for an occasional blunt and alcohol.
Also, what’s holding up the cat house in Bowmanville? I was hoping to get some senior services there while I still can.
More handouts from the Grifter in Charge. Hey Brandon, has your credit score cracked 400 yet?
Take your Marxist BS and shove it sideways where the sun don’t shine! If you can pay people for doing nothing , you are taking way too much from me in taxes!
Because they don’t yet have enough programs that they can’t pay for…
Per recent article in Trib regarding Chicago’s ongoing “Guaranteed Income” recipients: more money for sneakers and Christmas presents.
Sorry, but we didn’t sign-up to pay via our high taxes for other folks’ incidental expenditures on nonessential items. Program fails the sniff test.