-- 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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More handouts to those that vilify the “oppressive “tax payers but are only to glad to keep their snouts totally submerged in the welfare trough their whole lives.
With JB having an obsession with abortions and even proposing tax credits why even bother with maternal health spending. No many maternals? around.
For a state in severe debt, you have to ask … where’s the money coming from?
Of course we know the answer – our pockets!
Amazing that as a young financially struggling family we were able to feed, diaper, and house our three kids without charity, family or government “help” (aka: interference).
Sometimes a bit of a struggle makes what you have more precious.
Pity the children raised by oppressed mentally adults with their hand out at every turn. Just more generational mooches.
The irony is that increased government spending on maternal health drives up the costs for everyone. Formula is priced highest at the stores in counties with the highest % of people on medicaid receiving free vouchers for formula, and so on…