-- 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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Once again, any cream is dutifully distributed to those that already receive free milk.
Makes sense now. People who cannot afford to pay taxes on time or at all are penalized and those penalties go to people who cannot afford to pay taxes on time or at all.
Looks like another page out of the Communist Manifesto play book.
Those who have give it to those who don’t!
Have a nice day.
Hmm, why not just waive the late fee for the person who actually paid their bill?
That would make sense…….toooooo easy!!
There you go … Using common sense. That’s a skill that’s lost on IL Dems.