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.
As the covid “free stuff”–SNAP, Medicaid, etc benefits get cut off watch low-income folks head for the border real quick, like everyone else….then the big problem for machine is who are they going to have left to use as “stage-prop people” in the never ending $equity hustle$ taxpayer shakedown racket??
What’ll be interesting to follow is what JB decides to do about the tens of thousands of people who are currently receiving Medicaid and SNAP benefits for which they will not be eligible beginning in May. Count on Big Doc, Big Hospital, Big Pharm, and all of the Medicaid Managed Care Organizations (BCBS, Cook County Care, Aetna, Molina, et al), getting their oars in the water and furiously paddling in various directions as well. The COVID Medicaid Waiver accommodations have been a taxpayer funded cash-cow gravy train for all of them. Then there’s the public employee unions, who’ll likely have… Read more »
He’s not going to let anyone fall off the medicaid and snap benefit programs – either because the recession arrives, or, he reports a massive budget deficit next year and, oh no, you stupid voters turned down the progressive tax two years ago, so now it’s 8% tax for everybody, further accelerating the downward spiral.
Yep, exactly correct. And the “thing” that lets Pritzker get away with this is that all of the big stakeholders are fine with with Pritzker and his cabal buying Medicaid-n-woke-n-minority-n-gay-n-oppressed-n-union votes using tax dollars that should be going to public employee pensions. The public employee unions are fine with Illinois disastrously underfunding their pensions because they got Illinois to guarantee them by making that guarantee part of the Illinois constitution. What is it now? Illinois is in debt to public employee union pension funds by an amount equal to 3 or 4 years of the entire state budget? And the… Read more »
Illinois’ COVID-19 disaster proclamation to end in May…
Fat chance… (pun intended)
Pritzker in languishing with the power that daddy’s money was able to buy him and the more he makes people miserable the happier he gets thinking that he is now finally getting even at the population that once made fun of him in his school days as the playground fatty.
That’s two years earlier than I expected with this Governor
And does this mean that the governor can’t rule under executive power any longer ?
That was the longest two weeks I can remember.