-- 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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Don’t worry jabba when and if Coronavirus is over nothing absolutely nothing will help this selfish ignorant run state. And I blame it on every politician, teacher, and the greedy unions etc. see what greed is going to get everyone of you fools. Nada, nothing game over boys and girls.
I talked to some state employees today. They’re being paid to stay at home and work two days a week. The other three days they get paid to do nothing. While the rest of us are being taxed to the oblivion to pay for it. The state will most certainly default on its debts when this is over, I often wonder when the comptroller will run out of cash to actually make the next paycheck. Maybe JB can lend a few billion to the state.
I wonder how generally true that statement is. Maybe yes and maybe no. You know about “some” state employees. Are they all working in the same office, the samge department, the same agency, or are they considerably more random? Can you be more specific here? If you’re assertion is true in a general sense that’s far more damning that if its true in a much more specifc sense. Then what’s the “sample size” here? You get the ideal. Please clarify these matters if you feel you can do so. For all we know its one manager making these decisions for… Read more »
James, a 20 second google search:
https://www.nprillinois.org/post/out-office-state-employees-told-prepare-work-home
Debtsor, thanks for the input. Some here will think Gov. Pritzker’s policy here entirely wacky. Others will say quite the opposite. I am neutral. These are trying days and essentially unprecedented In our era. Let’s start the barrage: what should he have done instead?
Given that most people are asymptomatic, or have mild symptoms, most people should continue on with their lives. Those at high risk, the elderly, the sick, etc, should be placed into quarantine and isolated, and provided with the full weight of the state’s services – financial (unemployment, medicaid, social services, food delivery, home visits, etc). The rest of us will continue living our lives. In the meantime, the state prepares to handle a higher volume of cases, opening field hospitals, expanding resources, using our existing infrastructure to obtain the necessary equipment. Explain that there will be deaths, and increases in… Read more »