-- 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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Most college students are low income being that they do not work, except for summer jobs. Let them vote for democrats for free food.
College students by definition are low income. When Old Joe was one his goal was to become higher income. Lots of us lived on Mac & Cheese back in the day. It’s ramen noodles now.
In Illinois today, “children” up to age 22 who reside with the parent are considered to be part of the “SNAP unit” so they are already eligible for SNAP under a parent. Who will police this to insure that the “children” don’t get benefits twice–once as a resident dependent and once as an single person household?
If you need free meals to attend college…you can’t afford College. Go get a paying job.
Couldn’t the once great state of Illinois just once try to decrease the need to depend on government by encouraging income producing employment.
Working people are bad for the welfare complex and there is little room for grift.