-- 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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Wouldn’t it be great not to pay the highest property taxes in the US. The politicians
Steal it from us every year. New car instead,
New siding on the house, pay down some bills, but no the politicians tell the same lies to us. We are working on it. B…S….
Time to get rid of the lies and ask for some
Truth. If the current bunch of thieves will
Not be truthful then elect someone who will
Be. This doesn’t require a Degree in finance
It only needs honesty and truthfulness.
Elect conservatives…….common sense
People here and the rest of the voters don’t really want honesty. Property taxes are used at the local level. If anything is done to reduce property taxes then more tax dollars will need to be provided from the state. Since no one wants to cut any significant spending (look at the current budget negotiations), the state would need to increase taxes. Whenever I bring this honest assessment up, people get upset. They want it to be magical where we don’t cut any spending that they see as valuable while also not raising taxes. The electorate can’t handle honesty so… Read more »
I must agree with your statement it does speak of truths