-- 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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Another tax is being proposed here in Rockford. I went to the first public meeting last night about a new proposed 1/2 cent sales tax increase to be on the March primary for mental health. This tax could generate $12-$13 Mil/yr for suicide/opiod abuse and a variety of mental health care needs for kids and adults. Problem is that the money would go to Winnebago county first not healthcare professionals and that the county would dole out the money to whom they see fit. I gave one of the sponsors a slew of info on what possibly should be done… Read more »
Citizens for a Healthy Community: https://www.elections.il.gov/CampaignDisclosure/CommitteeDetail.aspx?ID=QKnhuEmRbjSRtatxxzcUGg%3d%3d
Perfect. Thanks for the info. Needed to know who’s who!
If Pritzker gets away with this charade, it will just be another demonstration of the laziness and culpability of Illinois voters. They let so many whoppers go unchallenged, so many government screw ups go without consequences, and so many inept officials stay in office, they are getting what they deserve.
I think you have it backwards. The progressive socialists in this state actually believe this crap, the progressive tax nonsense, and the politicians are just giving them exactly what the voters are clamoring for. At least the, you know, small but loud and vocal and outsized progressive wing of the Democrat party that is Twitter. Twitter unfortunately drives political discussions and reality these days in the Democrat party.