-- 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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Thanks for the article, Mark!
“‘Republicans would merely need to slow Medicaid spending growth to about 2% annually,’ according to the Wall Street Journal.” IOW, spend more on Medicaid, just not as much more.
I often drive through a town that has a large population of Hispanics, some of whom I presume are illegal. I’ve noticed the last few weeks that formerly busy areas seem all but deserted. If these people have self-deported, there’s some Medicaid savings right there.
I wonder what the town will look like when the lawn mowing and leaf blowing season starts.
I worked through the numbers myself on that claim about limiting growth to 2% per year. It’s true.
It’s a good thing that the republican party is the the party of principle and never use fear mongering, hysteria, or scare tactics to gain favor with the electorate.
Bald-faced lies and hysterics are all the leftist Democrat political animals have to offer at this point.
Thank you, Mark, for a voice of reason.
Hysteria, lies and fear mongering are all in the Dems’ playbook – though violence is also rearing its ugly head.
Why do Democrats hate us and the USA?
Excellent article clarifying the reality behind the Democrats hysteria. Trying to push a bs narrative yet again – a reasonable person has a real problem trusting that political party.