-- 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 IS NOT a FIAR TAX.
Half the billionaires in Illinois have the last name Pritzker and or some part of their gene pool–do you really think they would hand over money to anyone?
Yes, it’s a FIAR tax.
Chuckles the clown know his fairy tax is in jeopardy, is this not illegal we’re is are states attorney at. He knows exactly what is going on, no denying, but of course nothing will become of it just like all the lawsuits against chuckles, all the loser judges are being paid off.