-- 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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Taxpayers would receive $50 each, plus $100 per dependent child, up to three children. They all think we are morons. They do. They’re sending people $50 checks which amount to less than a tank of gas after the feds gave us thousands a year ago. People are going to look at their checks and get angry and vote Republicans. Because everyone knows a $50 check is a stunt and not real help. These Democrats really believe that giving us $50 is going to buy their vote. But in reality, all they’re going to do is anger people. Here’s $50, now… Read more »