-- 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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Illinois is a total mess. Guess what happens when you elevate typical IL politicians to national positions–i.e. Senator Durbin? Yes, national decline….just like IL at the state level.
With Durban supporters it is more about EBT cards rather than credit cards.
Thanks, Dickie! Another blow to consumers.
The $60 Billion in benefits to consumers are untaxed income. Greedy gov can’t abide by that.
Don’t change dicks in the middle of a screw, Vote for Durbin in 22!
Dick Durbin, dumber than your average politician.
Nonsense. It’s not a competitive market at all. Wal-Mart, Target and others have tried to break into the market, or go around it, because they pay MC and VISA billions and billions in interchange fees A YEAR, but because two companies control 80% of the market, there is no way to get into the market. Our fees are 7x higher than Europe. There’s a lot of monopolists anti-capitalist behavior in the marketplace, it’s rampant throughout our system, because the gov. for years beginning with Obama, turned a blind eye to trust law, and it’s about time we do things to… Read more »
Don’t use them if you don’t like the terms of usage
Try renting a car, hotel room etc without one. Not possible