-- 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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Lightfoot has no plan. The only thing she knows to do is raise taxes – enormously. She knows that that will ignite a considerable amount of anger amongst us , which is why she is postponing making any substantive announcement for as long as she can.
I think she has a plan to cut the low hanging fruit. Police overtime, landscaping in the medians, new hires & replacements, etc. Higher property taxes on everyone is a necessary component. As is higher sales taxes.
I moved out of Chicago nearly a decade ago so I could care less about what progressives do in their own backyard. My issue is when the progressives try to force their degenerate beliefs upon my family.
Anger? Where have you been while taxes have been raised stratospherically higher every year?
If the voters are not angry now they will never be. Suddenly this time they’re all going to figure it out, and mobilize against these thieves?
Nope.
I think that the churn of people moving through the area–2nd and 3rd generation Chicagoans moving out and being replaced with immigrants–is why there is no voter anger here.
They don’t know any better. Until their grandchildren figure it out, and they too, move. And the cycle repeats.
The Democrats have their progressive utopia. The abortion-mobile drives around and kills unborn children at will in the wombs of ‘individuals’ (Not women, as Rep Baby Killer stressed to ‘old white men’ in hearings, because, transgender men and non-binary individuals can get pregnant too), no doctor even needed! You can’t make this stuff up. This is the utopia they voted for, and they love it. They’re never leaving. Why would they? We complain about taxes because we are republicans. But to the average abortion loving Democrats, taxes are not only the price of civilization, but the price of aborting future… Read more »