-- 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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LOL this fool tried to milk the government for covid, by fronting the cost of tests to uninsured people during the frenzy, hoping to get paid on the backend, but got screwed herself instead. I don’t know, I had a handful of covid tests for various reasons during covid, and I paid for them all myself out of pocket or through insurance. Doesn’t seem like it was a very good idea to give away free covid tests to poor uninsured people and hope the feds paid you back…
One of the three most told lies: “The check is in the mail !” The other two, “that wasn’t me with that woman the other night” and, well.. ask someone that knows the rest of the joke.