-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Hmm….I think Indiana is gonna get a raise.
Illinois and Chicago are the gifts that keep on giving for their neighboring states.
MOre taxes for the City of Chicago voters who never saw a spending program they didn’t like- Cool!!
Of course he did.
So now everyone with reliable transportation will purchase liquor and beer outside the city limits. This tax will raise much less than anticipated and hurt low income people without reliable transportation.
The value of a liquor store on the Evanston side of Howard street just increased significantly.
Yep. Just like the idiotic soda pop tax. BTW that Soda Pop Tax is coming back as soon as Toni Taxwinkle can wiggle in the legislation. Shell never learn and the virtue signaling of the tax is irresistible to elitists like Taxwinkle.