-- 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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Wow only 12,000 homes sold in the 9 county area! Is that enough to go around to all the folks working as realtors? You run into people who are realtors all the time, seems like there wouldn’t be enough commissions to live off for many of them.
“Property taxes are a factor, Chicago Association of Realtors President Tommy Choi said in the Illinois Realtors release. “We can’t escape the topic of tax increases right now,” Choi said, “and prospective buyers are paying attention.” What a naysayer. Why isn’t this guy pointing out what these taxes buy? Taxes are the cost of civilization and a better life here in Illinois! How else is the county expected to fund abortions for illegal immigrants, infanticide for everyone else, lavish pensions for people who no longer work for (or even live in) the state, and legalized marijuana regulation, anti-ICE demonstrations, and… Read more »