-- 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 what Round boy Pritzker wants is more important than what the voters want? Got it!
I guess people votes really don’t matter much these days when you have a tyrant like Round boy in charge.
Illinois will eventually move to it. The next time they will offer it as a choice between a flat tax increase across the board or an increase for high earners. If the amendment doesn’t pass then the increase across the board will have an automatic trigger. The voters will have to decide if they want everyone to pay more or just a few. They still won’t trust their elected officials but given the choice between a tax increase for all or just 3% of the population, somehow I think voters will not vote for the greater good of keeping the… Read more »
The mere fact that he thinks this is a good idea, should make us all vote against it – Again. Amazing, the people vote it down, but they keep bringing this sad idea back to see if they can sneak it through. Crooks – everyone.
… knowing full well that his billions will be conveniently sheltered from any increase.
Him and the rest of his family. How many Pritzkers were in the list of richest people in IL? At least four or five. And he has never admitted to or listed all his offshore holdings. Will they be taxable? You know the answer to that.
Governor Blowhard just hates it when the peasants don’t vote as directed. Anyone who believes their Illinois property taxes will ever go down is a fool. His Royal Roundness is a liar. End of story.