-- 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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According to this article, Jabba is the rare politician who will…increase taxes?
What universe do liberals live in? Sometimes i feel like everything I read is nothing more than propaganda designed to convince me that ‘ orange man bad’ and liberal progressives try to gaslight my lying eyes.
Yet another example where Martire misleadingly separates operating costs from debt spending. There have been no spending cuts. We’re spending more than we ever had on govt services. More is going towards pension debt now.
Great observation.
Also, if the focus of IL will now be to generate additional tax revenue, the focus of the IL resident should be to find a place to live in another state. With the crushing taxes and user fees already imposed on IL residents, it’s bubbleheaded to consider additional taxes.