-- 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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The CTU and SEIU Combines must be fed.
Newsflash- Toni Taxwinkle is your de facto mayor.
Really silly article ‘..taxes must always go up..’ Says who? WP just published an article on those states that used the Covid windfall to reduce taxes.
Public sector unions are unconstitutional. Within the next four or so years they will all be eliminated nationwide. Good riddance. The excrement tossed out with the trash.