-- 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
Us FIB’s could learn something from a cheesehead.
Wisconsin’s finances are pretty good. Their state pension funds have the best funding levels in the nation. As much as I love a good tax cut, might this be a case of “if it ain’t broke…”?
Responsible governance … ain’t happening in IL.
When WI or IN or MN residents pay taxes, those taxes support CURRENT services, unlike Illinois.
Illinois breeds some stupid chickens!
Those goddamn cheeseheads are relentless. Copying everybody cutting taxes. Why can’t they see Illinois’ progressive triumph through higher taxes?
I just read an article in a local Wisconsin newsrag yesterday while getting gas at $0.50 cents a gallon cheaper than in Illinois and the flat tax proposal by Republicans is of course racist and only for millionaires and billionaires. The democrats have another plan, of course, that is fair, make anybody who works pay the bills. Crazy article so slanted it’s unbelievable. Anyway, one point was made, Wisconsin has a $7 billion, that’s 7,000,000,000, excess in the state budget. That’s a lot of cheese so they can make tax cuts. They’re doing something that’s right, oh wait, the legislature… Read more »
Gotta love those KwikTrip gas prices!
Let’s see if the down voter tags me for just saying “Stupid Chickens” like they have been doing. Stupid Chickens, Stupid Chickens, Stupid Chickens, Stupid Chickens
Message to Pat S, Sorry to steal your line but I just like it. Stupid Chickens!
Be my guest – we could be starting a movement!