-- 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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I’m not sure why all these loonies are collecting in Evanston. The Mayor is nuts. The City Council is frittering away almost $20 million on reparations payments so a bunch of oppressed folks can rehab their bathrooms and sod their yards (both of which must have a solid impact on alleviating past oppression). Heck, this town was so conservative you couldn’t even buy a beer there until the late 1970s. What’s next– banning all those nasty polluting cars and trucks? What’s going on up there?
Another Climate Cleric demands public funding of his religion. The Religion of Cliimate is just another excuse to reach into taxpayer wallets and confiscate more taxpayer money. Never mind that much of the price spikes we see here in Illinois are directly tied to fuel taxes at all levels. Never mind that fuel is something that every taxpayer, from the rightest of the right to the looniest of the left needs every day. Yes, even pathetic Evanston lefty Robyn Gabel needs fuel to deliver her soy lattes and Pinot. Corporations of all stripes never pay income taxes, fuel taxes, amusement… Read more »
Leave it to the climate nutjobs to create another reason for industrial employers to leave Illinois.