-- 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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Brandon Johnson is a Cook County Commissioner, for the 1st District, serving Austin, Oak Park, Forest Park, Maywood, Bellwood, etc.?
Doesn’t State Senator Kimberly Lightford have other concerns to tend do, such saying corona is man made, but can’t prove it (Chicago Sun-Times, May 22, 2020), her adult son becoming a daughter (CST January 4, 2020) and her relationships with the Emil Joneses (CST January, 28, 2020). ?
Gee, A billion here…a billion there…soon you’ll be talking about real money. Whatever, Illinois has no money to spend here, the majority of our ridiculous taxes are being paid to high salaries and gold plated pensions for school districts, teachers, university employees/profs, state workers, stupid fire fighters and all of the other taxing districts that drain us here in Illinois. The pols will soon be coming at us with increased taxes at every level again…to pay for these ridiculous “programs”. Never ends.
“The best way you can protect our communities is with what my daddy had: a W-2,” he said. ‘You want to bring security into our families, that black man got up every single day. I don’t think he smiled much but he went to work. We knew because daddy was at work, we were safe.”
Talk about privilege. A paycheck in this economy. That’s only for essential government workers!