-- 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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And not a peep from CTAB or GFRC on cafr or $47 billion new opeb debt..ralphie where are you?
If you total up, even with phoney cash accounting pension debt, opeb debt, and proposed consolidation/state takeover of 600 muniple cop & fire pensions by state your at what??, $250 +billion?? At which point $3.4 billion from ‘fair tax amendment’ at proposed limits is a complete joke
To hell with your numbers. Deny, delay, extend, pretend.
Mendoza mystery math!! Doesn’t she already have her home in Colorado?
The unfair tax is going to make our progressive utopia even more expensive than it already is for our elite class. Let’s hope our ‘betters’ and social superiors remain on to foot the bill. Because if they don’t – well then, the $250,000 tax bracket will quickly become $50,000. You know , because everyone making a dime more than the poorest in our state are ‘privileged’ and should be taxed as such.
The politicians we trusted with the CAFR messaging are the same politicians behind the “fair” tax messaging. Seek cover.
Interesting and relevant piece from Connecticut-
https://www.courant.com/opinion/insight/hc-op-insight-vallo-why-we-left-connecticut-0915-20190915-i7qvqfumjzapvoezr7erzgrvhm-story.html?outputType=amp
lets just hope they don’t bring their liberal politics with them.