-- 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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Yes, whatever you do, don’t eliminate bloat to force “working people” into the unemployment lines, even if some of these full-time “working people” work two hours a day.
Tough to get reelected as an alderperson after you’ve approved a huge real estate tax increase. Brandon Johnson already knows he’s a mere one-term mayor, if he doesn’t get recalled before his term is over.
Mayor Raggedy isn’t going to respond well to this disrespectful behavior. I feel a raggedy rant coming on.
Oh boy. This is so much fun. Let’s see. What are the options? Raise real estate taxes, raise or create other taxes, maybe a tax on breathing, eating or defecating. Or cut government spending. I know which one they won’t choose. Now the only question is whose ox gets gored? Everyone there is so well deserving of their ox being gored. My bet is on them goring all your oxes. After all, you are all willing slaves who just voted for more of the same. So you all so richly deserve it.
Oh no. This will jeopardize Mayor Panick Attack’s welcoming spending.
About three years too late.
And Johnson won’t ignore the wishes of the people ( see: ShotSpotter ) and do what his Marxist masters tell him to anyway because?