-- 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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It’s easier for our overloads to control business when there are fewer businesses to control.
These are features of Dem rule. Not bugs.
Only a moron would raise taxes in a depression…oh wait thats prickster…Vote NO to the UNFAIR tax..its unfair how IL screws its citizens….
Which begs the question, why did congress pass this law? I can’t stand living in this state thanks or because of politicians like Pritzker. People are going to continue to leave in mass droves until they are finally brought under control. We already pay ridiculous taxes. It’s time to spend tax dollars more wisely.
It’s nice to see a little good news. Oh wait, higher taxes are bad, aren’t they? Never mind.
Not to a Democrat, Communist or Socialist.