-- 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
It’s the windfall elimination provision (WEP) which decreases earned SSA benefits.
EARNED SSA benefits – ponder that for a moment.
I prefer the term “cheats” workers out of their full SSA benefits.
And I stated, thanks Representative Dan Rostenkowski, democrat, and convicted felon.
Tiffany Henyard is a unique urbanite who deserves everything she is going to get.
Three squares a day, free healthcare and
Free dental care. An added bonus a new
Career in license plate design.
Why do members of the General Assembly allow people to hold two or more paid elected offices simultaneously??? Did you know that an Illinois Senator and Representative can also be a township supervisor, road commissioner or assessor? Getting paid and retire benefits from both? Over 6,000 bills a year go through the law-making process and (double-dipping continues) to being over-looked, year-after-year? Do not vote for those who think DOUBLE-DIPPING is okay!!!
As many state, county and municipal workers are denied Social Security benefits or have their EARNED benefits reduced by 60-80% because in the words of the famous convicted felon, democrat Dan Rostenkowski, those people are double dippers. I guess there are separate rules for black democrat politicians.