-- 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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Headline calrification: They are not ‘undocumented seniors’. They are ‘criminal illegal aliens’. They should be deported.
I wonder if there are billboards in Mexico-Central America-South America saying Come To Illinois FREE Everything!!
JB really is a moron. He will stop at nothing to doom this state. Have another triple bacon cheeseburger big boy.
Why didn’t Pritzker and his uber wealthy Leftist friends on the North Shore pay for this charity care?
JB must be so proud that he beat Cuomo and Newsom to the punch on this. Maybe now he will be the national leader he dreams of being…
What about extending free coverage for U.S citizens over 65 living in Illinois such a racist law.
How about they all return home for free healthcare in their home countries? That’s the better idea