-- 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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Pritzker neeoto cut his wasteful far left spending and stop increasing taxes. Working rampages have had enough.
Tax us per mile, the gas tax, then they complain prices for everyday items is skyrocketing so what do you think shippers that come into the city or state are going to do, pass the cost along to consumers now a triple road tax and roads still stink in this state because Springfield is stealing the money.