-- 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 progressive income tax is just another wondrous idea from the Dems that, if passed, will contribute to the ever-shrinking Illinois population. The shrinking may not be obvious right away, but wait until the Dems start tweaking the tax brackets.
If anyone thinks that money will go to property tax relief, they have not been paying attention. The money will go to budget deficit and left projects
This must be defeated at all costs!