-- 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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No more sitting on your a… and getting paid to do so, sounds great.
Does this include panic attacks ? Because all the dead beat freeloaders will start having them when they find out they have to work
Think about this if you see the video of the ABAWD ( socialists love their smiley faced acronyms, don’t they?) complaining that he “ only “ gets $299 a month in SNAP benefits and wonder why it shouldn’t be abolished completely for people such as him.