-- 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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It’s been a fantasy of mine that somehow the CC Treasurers office loses track of my home and never mails me a property tax bill again.
Kinda like those 300K illegal kids they can’t find anymore. I need to hire a skilled hacker to fix this.
These property tax bills will go out the day AFTER election day. The Democrats AKA Communists who have criminalilly rigged Illinois in collusion with their public sector parasitic scum want zero political blow back.
Why would the county do anything on time. Maybe they need to hire competent people, not political and DEI hires.