-- 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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How do we refer to actions that treat people differently based on the color of their skin or their ethnicity?
Very simple.
actions that treat people differently based on the color of their skin or their ethnicity=democratic policy
I am worried that people who have not paid property tax for multiple years will have their debt to the County wiped clean. This sounds like a straightforward wealth transfer from the tax payers of the United States to the minority scofflaws of Cook County.