-- 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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The tax increases are squarely on the Democrats. Uncontrolled spending on illegals, identity politics, ridiculous public pensions in an effort to buy votes, and far left policies are responsible for these tax increases. Until there are significant spending cuts and meaningful pension reforms to make public pensions similar to private sector pensions, it’s only going to get worse.
Lesson one in How to be an Illinois politician. Place the blame
All else fails, blame Trump
This is their first course of action, not a last resort.
Nope guys, not buying it. Dems at the state can talk and blame and deflect, but only a clueless moron would agree. This state is in the financial position it is, because of a spending problem, graft, union influence and patronage job problem.
The elected officials from the past 50 years are all to blame, allowing the balanced budget can to be kicked down the road, over and over again. This problem didn’t just arrive on your doorstep Springfield, this problem plagues Illinois now and has for decades.
State Sen Chapin Rose does a great job rippen dem machine blaming everything on Trump. Watch attached youtubes (https://vermilioncountyfirst.com/2025/06/01/senator-rose-slams-55-billion-budget-delivery-tax-and-chicago-bailouts/)
he’s good on Jeanne Ives show as well (https://www.youtube.com/watch?v=m_XYaFy_g2Q)
In a few years. Sen Rose could be as obese as JB.
That’s it! You found it. The solution to obesity and JB the Hutt’s insatiable desire to tax away the plebes’ largess. A weight tax. So many dollars per pound. It can also be a progressive tax, with dollars per pound escalating as the scale needle rises. Like property taxes, all Illinois residents, including illegal immigrants will have to climb onto a state-sponsored scale. The weight shown will be used to calculate a bill, due and payable immediately, or else penalties and interest will accrue. Brilliant! I got goose bumps. The Hutt will simply pay his tab from his offshore trust… Read more »