-- 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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We need to take note of any R who votes for this sleight of hand. They need to be Kinzingered.
>>>Democratic states ended their bonus, but they want to keep taking federal cash, even though it pays millions of Americans more not to work than to take a job.”<<<
Simple vote buying with other peoples money. Nothing new here.
Riverbender–Illinois is doubling down with its new “WORKSHARE” program, if worken full time is to much for you, you can work part time and still keep your unemployment benefits….as illinois competes for top welfare state on the fed dime. And if ur 9-to-5ing it in the private sector your a joke