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.
This creates another unit of government with a 5 member paid board and a 30 person advisory panel. They may hire “specialists” as needed. They will need a great number of “specialists” to deal with the complexities of this proposed scope of responsibilities. The panel reserves the right to review essentially what it wants to review and doesn’t require review of all medications–extremely broad discretion that is essentially unexplainable and subject to personal interests. With the broad latitude provided, drugs are equally as likely to be reviewed because a panel member got a new prescription for an expensive drug than… Read more »
AARP also Endorsed the passing of Obamacare, and that has turned out to be a disaster for both participants and Taxpayers. Stop patronizing the Liberal AARP and join AMAC instead.