-- 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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My heart goes out to this lady but this guy completely ignores the fact that the bureacracy that is dragging its feet in reinstating her predates Trump’s presidency and was caused by democrats and their big government push. Multiplying this one anecdotal evidence by the 13.7 Million figure is also a red herring. A better number to look at is how many of thee people should have never been on Medicaid to begin with. The lady he referenced is not in the same situation as the ones who should have never been on it. Illinois was only too happy to… Read more »
Democrats irresponsibly allowed and encouraged people to access Medicaid who are not eligable. Now they want everyone to pay up for their irresponsible acts.
There should be no Medicaid or any public benefits to illegals.
You have gub Putzger and mayor Banjo spouting about how bad the Trump administration is. They haven’t forgotten Illinois. It’s called Payback