-- 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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Who in his opinion is it OK to discriminate against?
Wonder how much all of us who don’t receive taxpayer-paid health care will end up paying for insulin and insurance premiums after Big Doc and Big Pharm get together with Springfield to figure out who will make up their cash-flow loss?
True. It would have been better if they purchased the insulin in Canada thereby everyone saves. Now the costs will be shifted to everyone else.
Just another move for illegals, the rest of us still pay thru the ass
Diabetes is inclusive!