-- 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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Such great reporting. What cuts are being made to SNAP? Perhaps soda non-nutritional snacks perhaps? What cuts are proposed for Medicaid? Are they limited to the Medicaid expansion plan that Quinn saddled the State with? In Illinois don’t the illegals, pardon me undocumented, get these benefits. This write up wouldn’t even make a decent bird cage liner but once again great headlines for Durban and Kelly. Then we wonder why Illinois is in the mess that it is in.
If memory serves me well, which it may or may not, Illinois chose to expand Medicaid under the Obama administration.
Perhaps it’s time to rethink that expansion.
25% of the state’s population is covered by Medicaid? That’s just crazy nuts.
Durbin, Kelly admit their state is a fiscal disaster where 25% of the population relies on Medicaid.