-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
How can my taxes be spent on those who aren’t even supposed to be in this country?
Does Mexico provide benefits to gringos?
JB can do what he wants with enrollment ‘caps’ and ‘on paper’ budget restrictions.
Everyone knows that when these babes-n-children-n-adults-n-seniors require medical attention, no hospital or clinic is going to turn them away because of a ‘cap’ or line item on a budget somewhere.
They’ll get medical attention, and someone will pay for it.
They need to quit giving illegal aliens free dental cosmetic care. Every third Venezuelan I’ve spoken with has braces to correct crooked teeth. This is not a public concern. The average cost of corrective dental courses is 3-7K USD. That’s a lot of money!