-- 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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How do spell “fraud?”
Aren’t new borns given SS numbers. That being asked. Those receiving these benefits must be illegals
Most likely illegal, so cut them off Social Security is for US citizens only.
Sounds similar to Minnesota , California and New York
I did the math so you don’t have to; $60K per child spent for over 1000 children without Social Security Numbers. That’s a lot of money