-- 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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The real issue is why is the government paying for single mothers’ child care? Where are the fathers in all of this? Why isn’t the state making fathers pay for the child care for their own children? These are young children we are talking about – child care is needed only up through 5 years old because elementary schools starts. Have the fathers abandoned their baby mommas and children so young leaving them destitute? Doesn’t this policy encourage single motherhood, government dependency, and permits fathers to abscond on their parental obligations? Doesn’t this policy help contribute to keeping mothers in… Read more »