-- 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 let me get this straight…you took more than you need, spent way more than you should, and now will return to me pittance compared to what you initially took and I should thank you by voting for you.
When will I get my income tax refund!?!?!? It’s only been 3 months!!!
The only way they can win is vote buying or voter/election fraud in the current climate we are finding ourselves in. They have nothing to run on and they know it.
Vote buying before the election? How nice!
This is politics 101. Some promise lower taxes. Others promise more handouts. For the most part, everyone looks at their own individual situation and decides what’s best for them. If you don’t make a lot of money then handouts seem great. If you make a decent living or better you know that you are paying for those handouts. Getting a check right before the election may even make those paying for the handouts think that they are getting a good deal. Who doesn’t want a check for a few hundred dollars? Most likely the voters will reward this tactic so… Read more »