-- 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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PPF says we do not pay enough taxes and they should be raised.
Hundreds of thousands have been fleeing the state because of taxes, never to come back.
Ken Griffin took billions of economic activity with him to Florida.
They think they’ve found paradise in some of the southern states, but when these heat waves return time and time again some will think it’s hell instead.
When summer comes in Sheeetcago crime explodes!!
You have the ability & freedom to leave Illinois.
So move or pay up.
You could save money/avoid tax hikes by firing one third of state employees that do literally nothing.
And we have the best roads, schools and public services to show for it…..
That’s always been the question. What am I getting for all the taxes I pay? That was the deal breaker in making us move along with the expanding pension deficits.
Da teachers unions in Illinois want you to think you are getting the best K-12 ed for your high taxes but trust me its not true.
Property taxes in Illinois are 3-4 times higher than my property taxes in Colorado.
Illinoisans, vote with your feet before Guv Pigchop and Mayor BJ raise your already high property taxes even higher!!
Some very smug public employees for the most part, in particular the teachers. The joke is all on IL taxpayers.