-- 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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Golly. Paying for criminal illegal immigrant voters and to pervert the census and electoral college is expensive.
Pretty certain that if someone in the media challenged Pritzker with these simple spending facts, he’d first discredit the facts and say they’re wrong, then bloviate some about how he and Democrats are heros, then proceed to gaslight with his own made up facts, and then if that wasn’t enough attack the person who dared to ask the question. Dabrowski had better be ready for this schtick of Pritzker.
No surprise here, Pension costs are just exploding without adding the 3% annual increases.
More and more $100,000 per year pensions are added each year, and they last 30 plus years. So spending is going much, much higher. Pat S is right taxpayers are fleeing because that is the only way to avoid paying for something you are not getting. The illegals are the new face of Chicago till they find out how badly they are being screwed by Illinois, then they will move out of state.
Understandable considering Illinois has chosen to aid, abet, financially support, house, feed, and provide health care to throngs of “new arrivals,” aka: illegal aliens.
Of course the so-called balanced budget has to increase to accommodate Pritzker’s social experiment and resource sucking causes.
“If you build it, they will come.” Truer words were never written. In Illinois the counter comment is: “If you build it, citizens will leave” … and taxpaying citizens are leaving Illinois in droves.
Editorial: Chicago Pensions on the Brink – Wall Street Journal | Wirepoints
That’s with a stock market at all time highs I might add.
No, no one’s quality of life has increased, unless a welfare recipient, illegal alien or gifted one of the thousands of unneeded jobs funded by taxpayers. Roads and bridges are still crappy, despite billions being held in a nebulous road fund. Gas taxes keep increasing like clockwork as do property taxes. Kids having 26K a year spent on them still can’t read or do math to their grade level. Repeat felons still roam freely with ankle bracelets to create more victims. Pritzger’s hoped for Obamization/ Third World Order is in full swing.
Blame it on nine month President Trump, ignore seven years of Pritzker’s governorship. Where’d the money go? Won’t see these stats anywhere in local media and does public care?
Yes. The illegals.
The guy increases spending by 43%, an increase of over $2 billion per each of his 7 unfortunate years in office, and is now asking all state departments to cut 4% because…Trump. As for Wilhour’s question as to whether anyone’s quality of life has improved, the answer is yes. For example Tier 2 pensioners, public union employees, criminals, illegals. And yet, as these song lyrics go, Pritzker thinks he’s “the champion of the luckless lunchless faceless little folks, you and me, know what I mean?“.