-- 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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Ah, Illinois figured out what the mafia did decades ago. Now add prostitutes and get kids hooked on porn in kindergarten and you made it. The old mob guys that now run all the unions finally figured out how to make their chosen businesses legal, and Illinois and the scum that live there applaud.
200M a year. 848M a year. Another 100+M a year. Gotta love the numbers being thrown around in state that is always pleading poverty.
The Happy Warrior loves to tell everyone how Illinois is a great place to raise a family. If your family is a bunch of transgender pothead gamblers, he’s right!
Gambling, liquor, tabaco, pot. Govt loves the heavy taxes on supposed vices.
As a logical next step, Illinois should legalize and tax prostitution. What’s one more vice to legitimize in order to feed the mismanagement machine? The mismanagement machine doesn’t seem to care about ruining Illinois residents’ health, finances, marriages, lives, etc.
Remember when pot was considered worse for your health than alcohol? Now that states like Illinois realize the tax revenue they can generate from pot sales, pot isn’t so bad for you after all.
The government is a parasite.
And people like Thumbs Down love every minute of it.