-- 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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“Too much tax talk.” I suppose that’s one way to look at it. Another way might be “too much tax PERIOD”
Miller’s game plan to get the graduated tax passed seems to be not to acknowledge taxes at all. His message to the Dems can best be summarized in one word: SHHH!
JB & Tax the Sunshine Band are hoping we ignore what’s going on and passively absorb all this. Not bloody likely.