-- 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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“…Raoul’s office contends the firings were actually part of the Trump administration’s attempt to restructure and downsize the entire federal government.” You don’t have to sell me, Kwame. But thanks for the sales pitch. “The lawsuit was filed late Thursday in (Dem-friendly) Maryland, where the state estimates about 10% of households receive wages from the federal government.” Note to Matt Masterson, typist for the DNC and AFCSME: that 10% figure is what you leftists call ‘unsustainable’ and what the common sense brigade calls ‘unconscionable’. Kwame can’t find any waste or corruption in Illinois and that says it all about his… Read more »
Listening to talk radio this week and it was mentioned several times that there is about 10 million available jobs in the United States that need to be filled, sorry but regroup and get out there and go back to work your work from home no show high paying jobs are over. I can tell ya the railroads are looking for people if your willing to work days afternoons or nights and make great money but ya have to work for it oops sorry I said work for a living hope I didn’t offend anyone.
I know these federal employees who lost their jobs are experiencing hardships. However, who among us have or has had a guarantee of career-long employment with one organization that offers good pay and great benefits? That’s not the real world for the majority of the workforce. Many of us retirees who worked full-time for 40+ years experienced bumps along the way, such as being laid off (aka fired, if we were never called back). We regrouped and found other jobs. In some cases, we hoped for better than what these new jobs offered.
Notice he does not recite any “irreparable damage” or even inconvenience from reduced government services. These state AGs should at least have fabricated some statement about interfering with necessary government services — but they cannot because these fired employees were not necessary to anything. I understand most were recent hires anyway. It is such a weak argument, basically saying “Hey, they really wanted that money!” The article says: ”Thousands of affected individuals have been fired and must now make pressing decisions about healthcare, unemployment benefits, and reemployment.” You mean like every other employee faced with a job change? That’s not… Read more »
There’s a reason why Biden added trillions in debt during his four years in office: he went on a hiring spree, hiring hundreds of thousands of new Democrats into the federal government. How did the country ever survive 250 years before Biden decided to grow the size of government by hundreds of thousands
If there’s a Will there’s a way.
Democrats, voters, and those who can’t be bothered to vote have caused Illinois irreparable harm.
The lawsuit is necessary because 446 unemployment claims caused irreparable harm to the state. Meanwhile, the governor of IL and the mayor of Chicago proclaim the benefits of welcoming thousands of illegal immigrants that the state pays for. Clown world.