-- 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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The last thing Chicago needs is more socialist nonsense like hiking taxes when they are already too high
Raising taxes is like pouring gas on a fire.
Johnson is the trained poodle of Crooked Corrupt Cook County Democrat Boss Toni Preckwinkle — First thing he will push is the tax on soda — the tax that Cook County was forced to repeal — after suburban voter backlash
https://www.illinoispolicy.org/taxpayer-victory-cook-county-soda-tax-repealed/