-- 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
Government does NOT work for the taxpayer; the taxpayer works for the government.
Not the way it should be, but this is Illinois way. It suxs to be a hardworking family man in Illinois. To get rich you have to be a government Lackie.
You could have joined that tribe. Why didn’t you? Let me guess. You were “too good and too smart” for that kind of work, right? I’ll bet your ego got in the way and you’ve come to resent it after many, many years of eventually learning you were never going to be a billionaire after all. Go ahead and blame others for your plight; that’s the American way of dealing with lost dreams.
The American Dream is becoming a corrupt unionized government employee? What freaking kind of world do we live in?
“The American Dream” is becoming financially secure. How you get there depends upon fate and you. The rest of your comment is your take on it and not mine.
Even if you have to steal future earnings from unborn children. The American Dream of a government Lackie.
The same sort of jab could be used about the huge companies in this country that pay their CEO’s tens of millions or maybe even more as their annual compensation. How much difference does it make in any sane person’s life to have to “get by” living on $20M per year as opposed to, say, $30M? At some point you’re simply stealing from people who need that extra money more than you do. Yet, I never see anyone here complaining on that much more egregious example of your gripe. My “thievery” is essentially non-existent compared to such people. I only… Read more »
James, BIG RED THUMBS down for you.
The tribe is the corrupted Illinois Dems whose chief Mikey Madigan will soon be making license plates in Joliet.
Glad you blindly joined you simpleton!!
Da Judge
Since when does the tribe control the leader? He makes decisions as he sees fit given the circumstances and his set of priorities as a human being.
Did you not see the results of the mayoral election? Since when does the tribe control the leader? Ever since the tribe figured out they could buy their own leaders, and that’s been a while now. They just got more blatant about it with this election.
Well, Brandon got into office with their backing. Chances are he will be “heavily influenced” by them, but he’s the one to decide if he’s a puppet or his own man now that’s he’s there. A leader can be a puppet, but it doesn’t have to be so as your opinion seems to require. We’ll soon know.
You will never get your pension. There is NO MONEY.
Raise taxes and lose more people and actually collect less revenue. You can KISS MY A$$ if you think the Feds will bail you out. Never have in the past.
My, my, we do have anger issues, don’t we?
We are not at that point yet. In the meantime, plenty more taxes to be raised. More income taxes, taxes on retirement income, taxing services, real estate transfer taxes (to get money from the people trying leave on last time) etc…
No need for a state bailout when there are so many taxes left to be collected.