-- 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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Fun times ahead as the Illinois sheep wake up at a restaurant and say “huh”
How nice that I drastically reduced the number of time I can go out to a restaurant with my family because I am trying to keep up the the new gas taxes and all the rest of the taxes that just keep going up but SNAP folks now have the option for me to pay for their nice restaurant meal. This state is such a joke. Next time I see some heifer jumping out of their new SUV using SNAP benefits at a local restaurant I will be sure and feel like a really good citizen.
100 new laws in 6 months. Let that sink in for a minute….now listen while the pols keep telling us it’s the weather that’s driving people out of this state.
All laws to restrict our freedom.