-- 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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Just like Pinocchio, Illinois Governor Carnival Barker claims the proposed budget is balanced. Then he calls out Trump for reductions in federal aid. Illinois has not had a balanced budget in decades.
Keep taxing and spending. This is chasing people and business out of the state. Stop this madness now. Can’t you see you are destroying Illinois.
Can’t. We need more tax revenue.
Once again, Pritzker lies. Other states, including those surrounding IL, are not having the budget problems IL is having. Some states are even having a surplus. When in doubt, blame Trump and lie about loss of population and businesses, about highest property taxes, pension debt, etc.
Thumbs down from someone that cleaned up at the “No Kings “ rally last Saturday and is trying desperately not to spend it all in one trip to Wal Mart.
Balanced budget. I don’t believe it. Then tries to distract the message with telling you what to be afraid of and who to blame for it. What a useless waste of time.