-- 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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Ok. Great. We got a “myriad” of something or other, and a lot of “positive psychological change”. Is there anything whatsoever that is objective or measurable that they can point to that results from the frittering away of these millions of dollars?. Of course not. They can’t even quantify the votes that they have bought with these handouts.
In what twisted economic sense is a $42M government handout an “economic boost”? Socialism has failed everywhere dunderheads have tried it. Socialists eventually run out of other peoples money.
“The $42 million pilot is the largest publicly-funded guaranteed income program in American history.” That’s quite a gold star for Cook County. It spent more money than anyone else on something. That’s pretty easy to do when you consider how much Cook County over-taxes its residents.
Fake progressive Toni’s obsessed with cementing her legacy is social justice history. But behind all the equity hustle on the taxpayers dime shes just another, me first, machine hack. In total, are low income black better off under her administrations—answer, a resounding NO!!
Toni is as old as Trump and almost as old as Biden. It’s insane how these people will never give up power.