-- 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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This was just a letter from aldermen. But the story says mayoral staff were seen pressuring those who signed it. Does this mean the head tax may yet be passed? Aldermen get to say they were against it before they were for it?
Mayor Braindead was the perfect person for Stacey to manipulate . Get him the job, they get their money and he is clueless about the job or what to do. Perfect Patsy. And she’s moved on
Chicago: Head tax, other hair brained taxes, borrowing, no cuts. State: Wealth tax, higher real estate taxes, no cuts. Nothing but more and more taxes. No end in sight. I’m curious. At what point do you say, enough is enough? Or are you so institutionalized that they can metaphorically rape you time and again and you just sit back, complain and do nothing but pony up. Are you all suffering from Stockholm syndrome? I can’t fathom how you can get up every morning, look yourself in the mirror and have any self-respect or worth. I now know how the Democrats… Read more »
Is maxing your credit cards considered “Progressive Revenue”? Asking for a Mayor.