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.
Why not make it $100 per hour…then we can all be rich.
No, no, no.
You gotta think bigger.
$1 MILLION PER YEAR!
Then everyone will be a millionaire and nobody will ever want for for anything!
All it takes is for the government to SAY IT IS SO, and it will BE SO.
Sarcasm off
So the political party in favor of flooding the country with cheap 3rd world labor, which depresses wages for workers, now thinks that it can mandate higher wages while continuing to favor open borders?
I gotta sit down. The room is starting to spin.
The Late Rush Limbaugh once said that if a $15 per hour minimum wage was fairer, wouldn’t a $25 minimum wage be more fair? The libs went into hysterics, insisting that such a claim was mere hyperbole.
Why not? As long as it’s what the voters want, of course.
I’ll agree to a $25 an hour minimum wage if that takes tens of millions of people off medicaid and SNAP. Companies externalize their labor costs onto the government. They pay $7.25 an hour and expect Uncle Sam to make up the difference, with subsidized rent, free healthcare via medicaid, and SNAP benefits, in addition to Pell grants for their children, utility assistance, etc. and all of the other freebies that come with being on the dole. If the government stopped providing these corporate subsidies, the minimum wage would naturally rise because few could afford to work at $7.25 and… Read more »