-- 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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Maybe IL needs to clean up the Medicaid rolls and remove people who should not qualify. But I guess that’s what “Get Covered IL” is for- to bypass Medicaid to cover and subsidize those who don’t qualify?
Pritzker has spent over a billion dollars on medicaid funding for illegal aliens that should have instead been spent for the benefit of Illinois citizens health care, education and lowering property taxes. Unhappy with your property tax bill; blame Pritzker and his beloved illegals.