-- 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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Cook County is a dumping ground for lazy brother in laws and ghost payroll bold bricks – you could fire half of them and see no decrease in government service.
Bowmanville property tax rates are now doubling every 9 years.
How to remove your property from the tax roll. – Steve Emerson
This is going to happen every year from now on. No stopping it, there is a pension time bomb exploding. The Shitty of Chicago cops need nice homes in Punta Gorda, Fl and the taxpayer will pay for them. Services will go down, down, down, and taxes will go up, up and away.
I’m not a PPF fan, but he’s right on this point. Most of the punch-drunk IL taxpayers will put up with much more in PT increases before they move out of state. IL taxpayers are already over two percent as the PT-to-home value ratio. What will it take to light a fire under them: three percent, four, eight?
“The Shitty of Chicago cops need nice homes in Punta Gorda, Fl”
I am okay with that.
What I do have a problem with however is, spending one more red cent on the the Chicago Bored of Edyoukation, CTU and any of the other apparatchiks associated with the “Red Indoctrination Process” of the children.
P.S. Does anyone know if the term red cent should have been in caps with quotation marks around it?