-- 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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Jag Boy has grubby fat hand out for everything he wants to get his hands on –for get the people of the state that voted for him.
I own a smaller boat trailer, its Illinois, good for 6 or 7 months of the year then we have this thing called winter. I use mostly once a week, 3x a month at best. $18 to $118 is just plain theft. 150,000 non trailer renewals at $18.00 is $2.7 million dollars. Non recoverable $2.7 million that could have been used for road projects. I personally know several people who own more than one small trailer who have bought one plate and just transfer it to another trailer when using it or lend it to someone who needs it. The… Read more »
“but sticks it up the wazoo of the people he supposedly cares about the most, the middle class.” This isn’t about the middle class. It’s about being White. Everything our IL state government does is through the lens of equity and race. He’s raising the fee because it’s nearly exclusively White people outside of Cook County that own trailers. He’s punishing white people and making them pay more for trailer renewals. Because equity. They of course can’t come right out and say “let’s find an exclusively white person tax” but everyone knows there will be a disparate impact of this… Read more »