-- 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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So the party that can’t define a woman, wants to change the born sex of children now is going to determine who is a millionaire? No thanks.
If you trust Illinois politicians, vote yes, if not, vote no.
Creating additional revenue simply and only creates new ideas on how to spend new found revenue. The state, and by that I mean primarily Cook County and Chicago democrats, have proven themselves over and over not only incapable but absolutely unwilling to be fiscally responsible and to pursue budget cuts, pension reform, etc. Tbere is zero supporting evidence to suggest this tax won’t similarly continue past habits/addiction to spending.
No. By all means vote yes. Your neighboring states thank you.