-- 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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Headline Correction: The correct phrase is “ILLEGAL Immigrants”. America loves and welcomes legal immigrants; Illegal immigrants are criminals who should be deported immediately.
Looks who is at the helm of Illinois–rest my case. Deception and all other non transparent ways of power and money grabbing.
So let’s see Illinois politicians want to raise taxes saying they need the money yet continue to find new ways to spend money…only in Illinois
A non-profit subsidizing reporting in a for-profit newspaper?
The selfless generosity of our ruling class is a wonder to behold: “Mayor Lori Lightfoot and Illinois Comptroller Susana Mendoza recently announced they were providing relief this year to families who receive the credit by not withholding money from tax refunds to pay outstanding traffic fines, parking tickets or court judgments.”-
This is so wrong, and immoral, on many levels. Illegal immigrants encouraged to game the system, use TIN’s instead of SSNs, and now they get free money back from the state?
This is immoral and an affront to the legal citizens and residents of the state.
Leave IL while you can.
Do you need a ride to the airport? Yes, Illinois should only be helping old white people who contribute nothing.
Be careful for what you wish -it’s happening much faster than you think.