-- 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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Crooked/Corrupt Cook County Democrat Boss Preckwinkle Stole/Diverted $250 In Transportation Taxes, In Violation Of The Illinois Voter Approved Lockbox Amendment — Now Preckwinkle Is Spending That Money On Pet Projects And Padding The Payroll
How about a property tax rebate for the people in cook county that already support these programs? We don’t need another do-nothing-committee on a state pension plan.
Now that covids over, you can move from your do nothing covid tracer gig to your do nothing violence interrupter gig….and nobody at cc, city, or state is keeping track
Hey Toni, if people need money they should get a job, not a handout. I don’t suppose the free money program includes a requirement that the recipient must be working does it? There are lots of jobs out there, but Dems just keep the lazy on the government dole to buy votes. And after the Covid funds run out they want to keep the program going forever. Guess who pays for that? This is the type of thinking that guarantees that Chicago, and all of Illinois is circling the drain.
She’s creating jobs, she says shes going on a hiring binge for new cc employees (seiu?, afscme?)to manage all the $320 mil in useless equity/ free-stuff programs. Is she going to layoff those cc employees when fed $gravey train$ ends? Just like city & state will there be any oversight of all the free-stuff grant programs?