-- 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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What percentage of SNAP beneficiaries are obese.
Only in America can you be behind someone at Aldi paying with a SNAP card… And all their kids have iPhones, Nike shoes and designer jeans, then in the parking lot you see them loading up a late model Cadillac SUV. I kid you not I see this all the time.
Food stamp abuse is just part of the larger welfare abuse going on in Illinois. It’s only been in the last few years that the state has made any effort to crack down on abuse at all. During the great recession through about halfway through Rauner’s term, all someone had to do was show up to the public aid office and they were approved. The need for documentation was often glossed over, at least from what I’ve been told. Only in the last few years has public aid assistance required a paycheck and taxes to prove income if you were… Read more »
social security disability is the massive fraud that nobody wants to talk about now