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Applicant Craig Armstrong, 57, of Broadview, feels “great” about his chances, and he likes the idea of a lottery. “There’s one thing that politicians can’t do — they can’t fix it,” Armstrong said.
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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The irony being the majority of the 155,000 applicants play the actual lottery.
Tax money being recycled.
Will the non-winners riot?
Just asking
The gimme free stuff crowd loves a good lottery.
Huh – thousands of vacant jobs out there, too…
153,000+ applicants disappointed they didn’t win the basic income lottery.
Walked out this morning, I don’t believe what I saw
155,000 applications washed up on the shore
Seems I’m not alone at being broke
155,000 castaways, looking for some dough
equity by lottery? what a concept/ what a complete equity hustle electioneering joke.
Complete nonsense. “Equity” is complete nonsense. All human beings are NOT created with the same potential.
If we are all to have an equitable end, we need to level the playing field by frustrating the gifted and lowering the bar. Frankly, I prefer a gifted surgeon to one who got there through “equity” initiatives.
“When the people find that they can vote themselves benefits from the Treasury, that will heard the end of the Republic”….Benjamin Franklin.
I believe deToqueville said something similar.
He said “America is great because her people are good. When America’s people stop being good America will cease to be Great.”
Can’t be rigged? Hahahah, that’s a good one
Just like all those “affordable” housing units developers are required to build that always seem to land in an alderman’s or patronage army worker’s hands.