-- 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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Ah yes. More climate trash from JB the Hutt, our Trust Fund Baby-in-chief. He even cites changes to the completely misnamed Inflation Reduction Act, a law that does the exact opposite of its name.
Frankly, EVERY program should be trimmed as the Hutt alleges the GOP wants to do to his welfare programs.
Pritzker and company should realize that when you utilize a toxic approach against the other side of the aisle, on every issue, at some point you will get a stick in your own eye. Pritzker proudly wears the label of chief antagonist, and vilifies Republicans gleefully, as noted by Wirepoints. He has no reason to expect bipartisan support, ever.
I have a farm. 240 acres. 200 prime tillable. Born and raised on it. The Federal Crop insurance program is a boondoggle and waste of taxpayer money. Few farmers actually get anything out of it. They just pay the premiums and are forced to take it if they have to borrow any money from banks. It really does not pay that much if you have even a mediocre crop. Only if you have a disaster. However, for those farmers who are in a rather constant drought, and particularly if you have land in a flood plain that is always getting… Read more »
That’s how insurance generally works, isn’t it? For the risk averse you take insurance of any sort with the thought the what’s being insured isn’t likely going to happen but MIGHT happen. I’ve done that with life insurance and long-term care insurance, and I’ve needed neither to this point. But, I’ve done it willingly and with the thought that I’ve essentially protected myself and my heirs from the truly catestrophic expenses associated with such events when the person involved was not insured. So, even for a tightwad such as myself I don’t regret the premiums paid and remain grateful that… Read more »
I am so happy for you. but , of course, you have purposely tried to Deflect my entire point.
Too few are getting the benefit at a tremendous cost to the taxpayer. In addition, many are forced into buying it when otherwise they would because the lenders require it.
Your meanderings about long term life insurance are another Deflection of the real issue.
How does the Commodity Credit Corporation (CCC) work? Do you have any interaction with that organization in the running of your farm?
I do not participate.
Seriously, you 3 clowns need a rude awakening, (we refuse to gamble with peoples future’s and there livelihoods) you screw with every single taxpayer on a regular basis, I could go on and write a 100 page book on HOW you screw with are futures and livelihoods on a regular basis. You are nothing but a bunch of ignorant arrogant individuals.