-- 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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Why is it that the more equitable our leaders make the county, the less desirable a place it becomes to live?
And yet Cook County is pushing a Property Tax Referendum for the forest preserves?
So we will see our property taxes go down because we are sharing in this “new found” wealth, right? Wasn’t it taxpayers money in the first place??
Fund the damned pensions and quit celebratiing with other people’s money.
Flush with OPM!
Flush with “my money” please, the taxpayer. It is not federal money.
The joke is on us. Crooks all of them, corrupt to the core.
Commissioner Peter Silvestri and he calls himself a Republican.