-- 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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Let me guess. That’s a $400,000 tax write-off, right?
MK “Sans Toilets” Pritzker is a marvel at finding tax write-offs.
A play pulled from Trumps “donate my salary playbook”
She should have donated a toilet, extra large, from the worthless mansion
Isn’t that amount close to what they saved in property taxes?
Hmmm……notify the IRS, $400,000 will be $400,000,000 on their tax return.
^^^^^^^^^^^1000000000^^^^^^^^^^ +++++++++++++++s