-- 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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BJ The Race Clown need to tax your house to fund his socialist shit show
As city claims it needs $hunderads of millions$ in taxpayer $ bucks to shelter migrants, how many $millions$ is CTU/Brandon sitting on still in unused fed/state COVID $bucks$ and who behind the scenes has he promised it to? Everybody knows who!! –“The city has been unable or unwilling to explain why only a fraction of current federal, state, and city funds allocated for the unhoused population have been used. Taxpayers deserve transparency regarding fund allocation and effectiveness, especially how the $100 million in new real estate transfer tax funds will be used. The City Council should demand those answers before… Read more »
If BJ found $.3 billion for illegals he doesn’t need this additional revenue.