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.
Oh boy. A crisis caused by government incompetence and corruption. The Democrats love nothing better. A perfect opportunity to raise taxes and call you all racists if you object. Rinse and repeat. The slaves don’t understand any of it. Democrats good. Anyone else bad. Democrat slavery is truly a machine to behold.
1) The state has no money to bail CPS out 2) All of the fiscal recommendations in the article are simply shifting of operational and pension costs between CPS, the city, and the state. 3) The CTU contract negotiations, after a prolonged strike, will blow the current budget out of the water. 4) Direct Covid funding by the federal government was wasted by CPS just as it was by all entities of Illinois and Chicago government. Even though federal funny money give aways temporarily boosted state and local income taxes, as soon as the money came in it was spent… Read more »
Are we paying for the voting Illegals??