-- 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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Pritzker is getting his money’s worth. He purchased most of the Illinois Judiciary to bend to his whims. Just like Madigan. Meet the new boss. Same as the old boss.
“ Cry baby, cry.Make your momma buy.” The Beatles.
Does anyone know why this issue is a referendum matter? Illinois home-rule powers for a municipality are quite broad. Is there something in the state law that prohibits a city from setting its own real estate transfer tax levels or structure?
I hope people are not surprised by the Appellate court ruling. We all know that the cook county and state judicial systems are totally bought and paid for by the D’s. (If you don’t agree with that, please explain Pritzker and Harmon’s shoveling of millions in campaign contributions and pac money to elect two now bought-off Illinois Supreme Court justices.) We also know that the city, county and state government is totally controlled by the D’s. And the D’s want more of your hard earned money for their wasteful follies. They control it all and are not going to disagree… Read more »