-- 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 52% of taxpayers… list high taxes as their top issue” Yet in Chicago “35% of voters” rank taxes as their main concern. Well can we assume then there is a large group on non-taxpaying citizens who can care less on what the taxes are? Pritzker’s free stuff army it would seem has a considerable population of those that vote yet pay no taxes then we wonder why the State is in the mess it is in. Someone needs to light a fire under the Illinois taxpayers that don’t vote because the Free Stuff Army members will because quite simply… Read more »
This is the result of Pritzker and Dems raising taxes and adding new ones to fund socialist ideology.
They rank it as a high issue but keep voting for the same leadership. Voters are getting exactly what they deserve.
PPF, It is all of the dead Dems who keep voting for the same leadership in Chitcago!!
Shut up and pay your taxes. If you do not like it you are free to leave, but you have to wait in a long line to get out.