-- 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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Yep, ther illegals can even get money for their utility bill: To apply for LIHEAP, you have to meet the income limit. Your household’s total income for the past 30 days must be at or below 200% of the poverty level. This income number is your gross income before taxes are deducted. Social Security benefits do not count as gross income. You can check if your 30-day household income meets the threshold to qualify by visiting the Help Illinois Families website. If your income is close to the limit, you may apply and allow your local agency to make a decision. If your rent… Read more »
Look up in the sky it’s a bird it’s a plane no it’s money falling from the sky.