-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
They are leaving because Illinois needs to offer up more services. More subsidized housing, increased education funding, increased public transportation, social equity initiatives, a solid green energy plan, a financial transaction tax, increased income taxes with a larger exemption to protect the poor. We need to start taxing personal property. Expensive gas guzzling SUVs should pay a thousand a year in registration. Expensive tolls for Indians mooches that left the state but still earn their living from the Chicago economy. Start taxing private school tuition to help fund public schools. Illinois needs more spending and taxes not less. It has… Read more »
Oswego Willy makes his first post ever on Wirepoints. I hope you’re ready for what is about to come!
You might want to talk to your doctors and get your meds adjusted little Willy. People are leaving because of the gross negligence and malfeasance of the state legislature, led by your hero Madigan.
How much Rich Miller pay you to put this absurd and ludicrous post here on wirepoints, go home to your communist website.
Does it ever bother you liberals that you sound just like my friends and I talking at stoner parties in the 70’s?
Bill, are you a troll or with the Indiana economic development dept.?
Oswego Willy’s comments on C.F. are so outlandish, that when a likely troll/fake poster calls himself Bill from Oswego, and says outlandish partisan things, we all believe it to be him.
I don’t think I have ever read a proposal to tax private school tuition in order to fund public schools. What would that be except a form of punishment for rejecting public education? In most cases parents already pay both property taxes for public education, and the private school tuition. Punitive tax for making a choice not to progressive liking? Make sure that only the elites can afford private schools?
This has to be sarcasm.
ABC with its association to Democrats (employees related to “well known” demon rats). Proof that Illinois is tanking.
Channel 7 ABC field reporter Alexis McAdams is Tom Dart’s niece.
Tania Babich is Dick Durbin’s daughter in law.
! I did not know this! Tanja seems nice but her Twitter feed is 100% TDS.
So many DEMS are associated with “news telling”. It is only “news telling” in their version.