-- 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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Illinois has 9,000 Units of local government — cut that by 2/3 and watch property taxes fall
The property tax issue was settles recently in my downstate area when an astute politician stated he did not want to raise real estate taxes so he proposed a sales tax instead. Those in attendance cheered at the good news.
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They pulled that stunt in Michigan. Now they have a 6% sales tax and higher property taxes; just not as high as Taxinois.
You can tackle it yourself by moving to another state except New Jersey!
There is nothing saving taxpayers from the tyranny of government.
Ummm yes there is. Leave Illinois.
Taxpayers are in complete control and are voting for this government.
PPF exactly right no one ever seems to blame the sheep who vote for these politicians
“Complete control”, I know from your previous comments that you do not believe this.
PPF, you can do better. Dont get too lazy on us, we already pay you to not work at some useless govt job.
I absolutely believe that the voters are in complete control. They are the ones that keep electing the same politicians and I’ve been clear the entire time that the voters are getting exactly what they want.
Also, you have no idea what I do for a living so don’t be lazy making the typical moronic assumptions. I know you probably can’t do better but give it a try.
There’s fraud everywhere in Illinois at every level from the dog catcher up to, apparently, the city treasurer’s office. But the voting system is 100% pristine. No fraud there. Safest, most secure voting system ever. “The “Truth About Voter Fraud,” according to activist groups like the Brennan Center, is that “many of the claims of voter fraud amount to a great deal of smoke without much fire…. The allegations simply do not pan out.”[1] Chicago, however, is known for its fires, and there was a roaring one there in 1982 that resulted in one of the largest voter fraud prosecutions… Read more »
Of course, this doesn’t happen any more. The same Democrat Party who committed fraud before 1982 is still the same Democrat party after 1982, and they made no reforms or changes whatsoever, so that’s how we know that Cook County’s voting system is totally safe and secure.
Many taxpayers like me are voting with their feet and leaving Taxistan!!