-- 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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Being a bartender, waiter, waitress, bus boy is not a career. These people have no intention of going back to work until their government welfare stimulus nonsense runs out. I’m sure they are all waiting for their next hand out. It’s time the socialist democrat party cuts off all welfare to these lazy losers.
“Being a bartender, waiter, waitress, bus boy is not a career.”
Actually it’s the first step of the career ladder to becoming a United States Congressmen.
I know of a few such people who are well passed their years for improving the situation you’ve described. I have a distant relative who is now age 56 and has no known prospects for improving his sense of economic security. Its a self-inflicted ailment for most such cases as is true for him, but at some point they become essentially homeless and hopeless, too. Does that have any kind of decent ending? I don’t think so and don’t have an answer. But, when it “hits home” with someone you know your attitude might change. I know of another such… Read more »
“That guy’s future is essentially not a good one either, I’d guess, but he is likable and truly well educated.”
Guy who receives lucrative government pension complains his Trump supporting relative is not concerned with materialism. He’s well liked and educated.
Maybe he’s doing something right.
Yes, I’d say from all appearances and conversations he’s reasonably happy. This 60-year-old guy has never been married and lives with his elderly mother.
Sounds like an upstanding man, taking care of elderly mother, instead of abandoning her to a nursing home. Didn’t have children he himself couldn’t afford, is not a burden on society, likely no criminal record. I like him already.
Economically its about 2/3 on her end, I’d bet, and she lives as a widow on some combination of savings and Social Security. He must have huge student loans. He’s still in school and has ever been. I don’t begin to know how that works for a person age 60. They do get along nicely enough. He’s something of an intellectual and has a wide knowledge base. The other attributes you’ve mentioned are apt enough. He’s not a society outcast in terms of outward appearances, speech or behavior. The other guy I mentioned who is age is such a person–an… Read more »
Who hiring away all the wait staff people? Oh yeah, the federal government is. I believe in competition but not competing against a government that can print more money than I can.
Slaves needed to facilitate the collection of taxes for pensioners.