-- 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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I thought the County provided free health care! Why he is now whining that free health care is too expensive? Yet when some hospitals in the area provide free health care – and lose upwards of $2,000,000 a month, or more, and go bankrupt, the state won’t even let them shut down!
Yes folks, this is the progressive utopia they have been hoping for since 2016.
I see no mention of the impact Chicago’s decision to be a sanctuary city has has on demand for health care. I can’t imagine that illegal immigrants are paying their fair share for their use of the system.
At least the county can receive some reimbursement from citizens who are on medicaid or medicaid expansion. The illegal immigrant gets no medicaid (although their citizen children do) and thus gets no reimbursement.