-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Another Democrat gift – given by a city that can ill-afford the programs (giveaways) already in place.
Giveaways take from taxpayers pockets and put money in someone else’s. Always realize, the government doesn’t make money, instead it takes hard-earned money from taxpayers and distributes it willy-nilly.
Government support for the elderly, disabled or sick is not the issue, it’s the push to give more and more support to people who don’t need it. These programs create a government dependency that is unhealthy for the beneficiaries as well as taxpayers.
When does it end?
Need it, or are unwilling to go out and work for it on their own…
Nutty. My clock, to get out of this state, started ticking when Jabba the Plumber… I mean Jabba the Masker, I mean Jabba the poor kid who grew up with adversity, became Gubnah.
Illinois and Chicago are the poster children for grift, graft, and outright theft by our elected officials. Oh, and don’t forget abject stupidity.
Uh oh, sounds like we need universal free computers and internet service so we can give away free money.
Seriously…