-- 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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This is the biggest tax cut the rich have ever seen!
Why should my elderly mother in tax efficient Ohio pay higher federal taxes to enrich public sector unions in Illinois, California and New York?
“Politicians in states such as New York, New Jersey and California have argued that the cap hurts their residents and makes it harder for their states to provide robust public services.” Right, they provide these services with a criminal subsidy from tax efficient state taxpayers.