-- 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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Make sure you eat right as your next bowel movement may be subject to a personal use tax.
Stop increasing taxes without talking about budget cuts. Stop funding illegal and identity political policies. Start representing US citizen taxpayers!
How about taxing political donations over $100 could reduce the outsized influence of unions, PACs, and wealthy donors while leaving small contributions from everyday voters unaffected, as most voter donations fall under this threshold and make up less than 5% of total funding. A progressive tax on the portion exceeding $100 would generate revenue for public initiatives like voter education or campaign finance reform, while discouraging excessive contributions that skew democratic processes. This approach promotes fairness, enhances transparency, and redirects funds to societal benefits, though it would require robust oversight and careful navigation of potential constitutional challenges related to free… Read more »
Can’t wait until some progressive/ Dem/ socialist figures out a way to tax you every time you use your toilet. But then, you could always remove them like someone we know did.
Breathing tax next. Tax for blinking. That for making own sandwich. Tax for cutting your own lawn. Tax for washing your own car. Gotta keep pensions in place at all cost.
Trial lawyer fees?