-- 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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“A scenario he mentioned was that a female state employee who miscarries in a state where such medical events must be investigated “could get tangled” in something out of her “control.””
This is offensive. As Rep Baby Killer (Rep. Cassidy-(D)Chicago) said when passing the HSA aka Sacrifice to Moloch Act: men and non-binaries can become pregnant too. She got tired to explaining this to stodgy old white guys who asked why the language of the bill said “individuals” and not “females” . Gawd, so sick of responding to microaggressions.
When this Long Boom (funded by the National MasterCard) finally ends, we’ll discover that all these snowflakes who moved their lives into these fantasy-land constructs (LGBTQIPB) in actuality walked their own plank. People’s tolerance for this insanity will evaporate, and the rage it leaves behind will be a lot like what happened in Germany, where the crushing insult/burden of the Treaty of Versailles yielded rage, which resulted in Germans voting for a dictator. I actually do quake in my boots over what I think is certain to come. The snowflakes are tattooing targets on their backs, which will become visible… Read more »
Just when things can’t get any stupider, another progressive virtue signaler comes along and proposes something even dumber than the previous virtue signaler. And then ‘they’ lies to us and says it’s not about ‘sanctioning’ our neighboring states, but to ‘protect’ the ‘persons’ of the state from other the laws of other states. Thank goodness I’m not in the legislatures because, if I ran into him in the halls, I’d probably give this moron a piece of my mind.
Soon they will probably pass an “exit” tax bill. We can’t leave the state before paying our fair share of approx $52.6K per family. Check out http://www.statedatalab.org. More info on all states.
What will come first, a collapse of real estate values to zero or discovery that members of the Chicago Machine running IL have moved their assets to China or Switzerland?
Anyone who carries the value of their house (in IL) as anything but $0 on their balance sheet lives in Fantasyland.
If I wasn’t destined to be harmed by all this, I’d look forward to the entertainment as all these taxes (as a percentage of home value) collapse to zero on the heels of market value.