-- 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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Yes, I would agree with the article, that Citizens and tax payers of Illinois will certainly be appalled if taxes are increased to pay for illegal immigrants. But, will they be appalled enough to vote these people out of office? This will be another dark room deal, done behind closed doors, with a few politicians getting their cut of whatever tax increase this becomes. No one will know about it until its is done and law. It will be like every year Madigan was speaker of the house, all the current union and government and education pension funding laws came… Read more »
Debate ? Really. There shouldn’t be any cause for debate. Adios illegals
Another progressive phrase to add to the Illinois lexicon! More precisely, another form of taxation.