-- 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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Fake News Tribune has zero credibility — stick to reporting on fake racism
Folks, you don’t really own your property. You rent it from the government. With Chicago property tax rates you sort of pay for your house twice.
I know! Realized that one day years ago and, wow! The realization was shocking.
No, folks, you DO NOT OWN your property – if you miss your property tax payments the state can auction it off for back taxes and you’re OUT!
Selective outrage from the chroniclers of Chicago’s downward spiral.
They’ll bleat like little lambs here and there, but they’re really OK with the property tax increase, just like they were OK with everything else the politicians did that ruined the city.