-- 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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My reasons for moving were simple. What was I getting for $10K in property taxes? 25% of the budget for pensions benefitting only government workers, rampant crime and corruption, students “graduating” that can’t read at their grade level, lousy roads and bridges despite one of the highest gas taxes around? Tell me where my money went to make all these taxes worthwhile.
Wally,
I agree 1000%.
I voted with my feet over 20 years ago and left Taxistan.
Consequently my bank account has an extra $200,000 in it from my tax savings.
It is called Voting with your feet.
Soon only PPF and the likes of him will be left in Illinois.
Texas and Florida are growing like mad, what are they doing differently?
Ken Griffen is happy to have moved away, he took billions of dollars in tax revenue.
The Greed for Overly generous pensions for many years has come home to roost.
Pay me and shut you worthless whiner
CSB, I spit in your general direction!!
Da Judge
The un-investable tax climate and giant state worker pension black hole is official state policy. Folks, that means it’s working. The sooner you wake up the better. Agenda 21, agenda 2030, China’s plan 13579 (you will have to duck duck go that), look it up. Illinois is leading the way ! Wake up everyone.
Illinoisans, quit being a tax mule for the public sector unions and vote with your feet.
I left Taxistan over 20 years ago and have $200,000 in my bank account due to tax savings!!
Da Judge