-- 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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Sorry Jill, but time and again taxes have been raised with the promise of being more fiscally responsible regarding their use, and always with the same results. Keep your football Lucy Van Pelt, Charlie Brown aint buying your routine any more.
Chicago’s CFO Jill Jaworski insists that $300 million more in property taxes is vital to Chicago’s budgetary requirements. At the same time, Heather Cherone, typist for the DNC/Wilmette Talking To Winnetka, suffers a sudden rush of Amnesia by failing to point out that Mayor Panick Attacks spent $440 million taxpayer dollars on his welcoming of illegal immigrants to his sanctuary city last year. Continuing that spend would exactly be repeating the mistakes of the past.
Time for a major policy change, CFO Jill. That welcoming spend should have gone to pensions or policing. You can stuff your property tax hike.
The City had no choice but to spend $440 million on illegal immigrants. That was an edict coming on high from DC Democrats. Cities were told to accommodate the illegals and there was to be no debate or refusal. Now that Trump is, for intents and purposes, the sitting presidents, even though he’s not yet sworn in, look for much needed and very much welcomed sharp cut back in Chicago’s spending on illegal migrants. As I said before, DC Democrats try to run blue states from DC, so there will be some pressure from DC Democrats for Illinois and Chicago… Read more »
Project 2025 has at least 100,00 jobs leaving the Imperial Capitol. Why heck, Duckworth may even have to move out of the tony McLean, Va.
Bypass flyover for a few and go to Alaska.