-- Connecting the dots between our economy, government and business --
“I've publicly stated that anybody that's on Social Security or on Medicare or within five years of doing that, that we shouldn't touch it. And that's my position...What I've said is this country is $32 trillion in debt, and we need to look at how we bring down spending in this country," U.S. Rep. Darin LaHood said, “So when we look at Social Security or any government program, we always got to look at how we make it more efficient, effective and accountable.”
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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Good for the goose is good for the gander.
Please support establishment of a special counsel of the DOJ to investigate IL public union Tier 1 pensions-medical.
Also, request that IL public union pensions-medical be remediated consistent with any reductions to social security and Medicare.
Thank you in advance!
Congress Rep’s just took a unwarranted pay raise care of Pelosi – let’s start there.