-- 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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Thanks to the writer(s) of this article for providing data. Here are more sickening facts, that household paid $24,687 in the years listed of which $279 is about 1%. If you compare $279 to the home value, it is about 0.1%. Now if like me over 33% of those taxes go to the school system, and we know how well that is doing in this state under LoL governor JB and if you don’t have children in school, you still pay. Get out and vote!
Pritzker is a lost little boy trying to find his way home