-- 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’ve been a Marxist activist, I was installed as a puppet by the CTU, I couldn’t pay my bills and am protected by +150 of the police that I crowed about defunding.”. C’mon Playa, tell it like it is.
And there it is. Tax the millionaires. What a surprise? As a former slave, I say great. Raise taxes on Millionaires 5 fold. It’s not like they have the means to leave. Please raise taxes on everyone making over $150,000. Your neighboring states thank you. Did you slaves ever really think there would be a different solution to the problem?