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.
Not quite true, they had no chance of ever getting paid this money. So, in reality they just recognized the loss. The loss was always there.
Taxwinkle never ceases to come up with money for people that, despite receiving every form of social assistance and “ guaranteed income “ can’t seem to pay their bills. She’ll wheedle every dollar she can out of people that receive no assistance and still manage to pay the doctor. She paints her largess as “ federal funds “, which is a newspeak version of saying “ your tax dollars.”.
Like Biden with the college loans . In the end the taxpayers bend over.
“In 2023, a report documented the devastation medical debt causes Illinois families — particularly in immigrant and Black communities…”
Kristen Schorsch, DNC operative and “journalist” for We BE Zombies, celebrates the redirection of funds intended for Coof relief being misdirected towards other unrelated spending instead of returned to the Federal Treasury.
More money for illegal immigrants, all in the name of The Coof.
Kristen, what will this “model” program do once the Coof money is gone? Is this another one of those ‘fiscal cliffs’?
Why have health insurance and pay absurd premiums or pay my bills anymore.
Gosh, I wonder if seniors qualify for this largess?
They already suck up 38% of the federal budget with social security and medicare. Never enough money for seniors.