-- 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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Seriously. We need a law to take back what is rightfully yours. WTF that’s why we have police and a court system. Prove it’s your property and arrest squatters .
OMG, this is the ONLY good legislation to originate from IL democrats. But it goes to the House now, so it’ll surely die a quiet, anonymous death. But you got to laugh at Sen. Collins explanation that the only reason they proposed this common-sense law was because the problem was highlighted by the media. Who listens to constituents anymore?
Why is another worthless task force needed? How many task forces do we have already like the property tax task force? It’s a little easier to get rid of squatters. Turn off all utilities and water and throw in some skunks/rabid raccoons or any wild animal. A few hornets and wasp nests including the executioner wasp and watch from across the street. When they all flee call an exterminator and cleaning service.