-- 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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Giving a tied-up dog, a longer chain
If Crook county can give homeowners 1000.0$ it would seem to me that they are collecting way to much in taxes!
What a pathetic stunt. Government pretending to pay to fix problem government created. And total program is just $15 million, which won’t do squat.
Blatantly racist!
“Cook County Board to consider $1,000 payments to bribe homeowners to Vote Democrat”. There Sun Times. I fixed your headline. You’re welcome.
Cook County believes that it will never run out of other peoples’ money. Ask Detroit.
Stop raising property taxes at the rate they have been.
They need more revenue so that’s not happening.
So they can then give it away? Insanity!
Any guesses as to whom will receive the lion’s share of Taxwinkle’s latest redistribution of the wealth? Rhymes with south Cook County.