-- 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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Medicare and social security would be sound if they were not raided by are lovely politicians. 60 minutes investigation report 57,000 Ukrainian first responders guess what there salaries are being paid the the us the taxpayers and small businesses are also being funded. If this isn’t a crook of shit I don’t know what is anymore.
Spending on schools and teachers is not getting squeezed in Chicago.
Just wait until they open the doors to Medicare to illegals…….
As an independent, I wasn’t that big on Haley, but at least she has a plan to save SS & Medicare. (https://www.msn.com/en-us/news/politics/i-ll-raise-the-retirement-age-only-for-younger-people-to-save-social-security-republican-presidential-candidate-nikki-haley-says/ar-AA1h7dWt) But politically forget about a fed $ printing press bailout for state & municipal pension millinonares in Illinois at expense of taxpayers nationally, I believe avg ss benefits are $15,000 a yr. Also, I couldn’t imagine another ‘multi-state’ bailout for private sec pensions will have any support either….In anycase, the QE/ fed printing press days are over
The public sector unions have destroyed the quality of life for many.
All this money and the students cannot read or write. Total waste of money.
In Chicago, 80% of property taxes now go to bail out public-sector pensions. Nationwide, spending on schools and teachers is being squeezed to bail out teachers’ pensions.
Consider da Dems pols in Illinois and Sheeetcago and their masters da public sector unions like a Black Hole.
How do you stop da Black Hole from sucking in more and more of your wealth via higher and higher taxes.
Get as far away as you can from it.
Illinoisans, vote with your feet and flee da Illinois Black Hole!!