-- 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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Why would this tax money go to just one community? Who would over see this tax money? Is it a wonder why people hate their elected officials. Since when is it the governments responsibility to give jobs to its citizens?
What is the success metric for this gasoline tax? I would surmise an unemployment rate for youths 16-24, on the Westside, under 5%, down from 80%, would be deemed a success. However, these complex social problems, can’t be solved by throwing more tax money at them. These taxes rarely go away; and these violence initiatives never show data to back up their on ongoing suitability.
Why do auto owners have to pay for this?