-- 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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I don’t understand how paying ones property tax is tantamount to destroying ones culture, which seems to be thriving in many areas of Chicago.
It’s amazing how people in charge have no clear (or even slight) understanding of discrimination laws. The Constitution of the United States says everyone is equal. Might want to skim on down to Amendment XIV (14) Second 1.
And I’ll add (because IL government is just stupid) and 18 or 21 is an adult and cannot be treated differently.
Some animals are more equal than others. When the community organizes to reduce government spending get back to us.