-- 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
Wiait till health care is free and entire towns line up at the hospital demanding their free doctor! This is nothing.
Services that they have a right too? The Declaration of Independence says Life, Liberty and the Pursuit of Happiness. There is no mention of $25 copays in it.
It’s always the poorest who are the most unhealthy too. We talk about moral hazard but that even the concept is waaaaaaaay over their head; and even worse when they know they can get free, but substandard, gov.care.
Here’s an idea: How about the County stops providing awful substandard care to illegal immigrants, medicaid patients, and moochers? Why is that the county’s job? It’s really expensive, it loses money every year, and it’s paid for primarily by the citizens who don’t even use the system. And those who do use it, use it so much that they drive it into insolvency. Absurdity.