-- Connecting the dots between our economy, government and business --
"On Tuesday voters shocked everyone by soundly rejecting a ballot referendum to raise the city’s real-estate transfer tax, despite active support by Mayor Brandon Johnson and the Chicago Teachers Union (CTU). Or perhaps the defeat was because of their support."
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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All we need is record low turnout for things to go our way! Like I’ve been saying for years!
When are the Feds going to charge the Illinois Dumocratic Party as a criminal enterprise?
Maybe after Dem King Mikey Madigan is convicted?!!
It ain’t over till the fat lady sings. Wait until the mail-in ballots are counted.
Will County found that out in the last election when the only two Republicans winning on election night woke up as losers the next morning. One election was reasonably close, the other hardly.
Even the evil CTU frog marching students to ‘vote” just like in North Korea couldn’t result in a win.