-- 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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“Schaumburg and Rosemont have approved a $1,000 tax on hotel stays longer than 30 days. Those who are in violation of the ordinance could face fines anywhere between $50 to $500…”
BRAVO…!!!
for lefty NPR/WBEZ press types the anti migrant racist right-wing extremist MAGA xenophobes are Brighton Park Asian seniors only….not the vast majority of Chicagoan’s or Illinoians
Racism is always wrong, for any reason.
But it’s very lucrative for Chicago’s race baiting grifter class, and they run the place.