-- 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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Let’s see a list of cuts or reforms? I’m waiting—–Still waiting—–And waiting. Never Mind!
Someone has to help pay for the illegal aliens Pritzker and Johnson allow in. Pucker up citizens – you voted for this.
And more scheduled for next year and the year after that. This is no end to tax increases. Must happen just to fund the underfunded pensions.
More taxes and fees making the citizens that demand seemingly endless assorted services pay for them…Cool!
No cuts, just higher taxes on everything. But hey you stupes didn’t get your real estate tax increased. Quite honestly, just how stupid, slavish, sheepish, self loathing and lacking in just plain self respect do you have to be to stay in that place? I struggle to understand why any American would willingly accept the slave status that you people in Chicago and Illinois so happily accept.
Roots. You find yourself held in place by family and friends. The secret to leaving Chicago is abandoning your life to move somewhere else, or not coming here in the first place.