-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Anything temporary in Illinois becomes permanent
Do these legislators at the end of year vote to see who has come up with the dumbest bill to pass ? The trophy could be a statue with the guys head up his a$$
Non medical legislators should have no say in professional licenses. What they need to do they won’t do. Remove DEI and political cronis from running the Department and associated websites. IL needs qualified people working in these areas, not someone’s relative or friend.
New question to ask your medical provider: Are you licensed/. If not, move on—you and your health plan will be paying full rates for on the job training. Your health and access to professional providers is more important than papering over a state agency’s failure to act.
The bill “Removes good moral character standards as qualification requirements” as a requirement for social workers and music therapists. Previously you could not be licensed if you were a registered sex offender because of obvious risks to under-age and other vulnerable people, but I guess Illinois is taking that off the table. They have no problem with convicted offenders working with your children.