-- 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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In Michigan there is no sales tax on groceries or prescriptions.
Where was the talk about these tax hikes before the election?
#JournalismIsDead
#ChicagoMediaSucks
A never ending gas tax yet Pritzger wins in a snap. Cook/County/Chicago voters are the dumbest in the nation.
Stupid, stupid Chicago/Cook chickens!!!
Many IL residents aren’t aware of the continual onslaught of tax and fee increases and creations. When they finally realize what’s going on, it’s death by a thousand cuts. IL is very sly and effective about abusing its residents in this fashion.
Akin to the lobster who doesn’t realize the heat is going up. Or … death by a thousand cuts.
Anyway you phrase it, voters seems oblivious, thus the passage of Amendment One and Pritzker’s reelection.
Stupid chickens.