-- 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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Any money for illegals and paying for abortions needs to go to Illinois Property tax relief, it’s over a BILLION.
Every IL residential property owner needs PT relief, not just lower-income residents.
Why not? People’s Gas wants you to subsidize their gas usage. You probably already are re Com Ed and Nicor through nebulous fees and the green taxes. And then there’s the Obama phones, the gift that keeps on giving.