-- 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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“In terms of padding city coffers, it’s been a huge success,” Jordan Parker said of the tax. In terms of reducing plastic consumption, not so much.
What a dummy, does she not realize the whole purpose was to pad city coffers. Does she think the pop tax was about better health?
Hmmm…….another Chicago boneheaded idea falls on it’s face; Really!
I wonder if they charge the tax for “The Unknown Comic” from the Gong Show. He always wears a bag over his head.
The check is in the bag. And the Czech is in the mail!
Another Chicago revenue grab that fails to solve the problem that is was supposed to address — like crooked corrupt ticket cameras
The jewel/osco in my hood charges for bags but none of the mom & pops big or small bother
I’ve never paid even a cent of that bag tax because I never buy anything in Chicago
LOLOLOLOLOLOLOL
This Democrat nanny state farce was always – first and foremost – a tax. Period.The fact that paper sacks are charged the same absurd tax as plastic proves it. I do wonder, now that Chicago is fully ‘Woke” with BJ as mayor, when Toni Taxwinkle will resurrect her soda pop tax.