-- 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
I would wager that none of these fathers have ever been nominated for a Nobel Prize. Has anyone looked into what these fathers do for a living? Probably not corporate leaders. Another probably the most important reason is that the single moms get much more money from programs than if they were married or had a responsible adult male in the household. The state incentivizes single motherhood. A bill was proposed back in 2016 that would require a fathers name on the birth certificate but was shot down almost immediately. Jeanne Ives was mentioned. Without legally knowing the fathers name… Read more »