-- 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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Perhaps a lesson is being taught to the residents that the spending programs instituted by Democrats, and voted for by the residents, have a cost that is being reflected in their taxes. These programs are not free as the politicians have promised and the bills are coming due. I have a feeling that somehow some politicians will try and deflect the blame by using the same old tired race card and unfortunately many will believe them. How can things get better in Illinois when situations like this continue on?
Meanwhile this is going on in Dolton. Lavish party with very few attending.
https://www.yahoo.com/news/illinois-supermayor-tiffany-henyard-throws-011920523.html
Obviously, the solution is to vote for more democrats. Democrats will tax and spend their way out of the problem. You say there is nothing and no one left to tax? Nonsense. There is always someone else to tax and something else to steal. You say you are taxing and stealing for the same people you have taxed and stolen from for the last 100 years. So what. They are passive slaves that will do nothing but grumble. You say you can’t lift a bucket while you are standing in it. Nonsense. That’s right wing extremist propaganda and all those… Read more »
Gentrification is the plan, force out the blacks, racism at it’s finest and still they keep pulling the blue handle.