-- 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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Consider da Dems pols in Illinois and Sheeetcago and their masters da public sector unions like a Black Hole.
How do you stop da Black Hole from sucking in more and more of your wealth via higher and higher taxes.
Get as far away as you can from it.
Illinoisans, vote with your feet and flee da Illinois Black Hole!!
Nothing but an economic disaster for taxpayers. Best to run for your family’s economic life.
The system has been gamed by the public unions and they have destroyed the quality of life for everyone else. Hundreds of thousands have voted with their feet.
HB4098 is huge and just a work in progress. Watch this youtube featuring Rep Kifowit and barf, taxpayers aren’t even mentioned……and hurry up and sell your home and get out
https://youtu.be/yAc2CqAd-qI
The taxpayers are represented every election and they clearly approve because they keep putting the same people in charge. If the taxpayers don’t like it then I’m sure they will vote for different candidates during the next election. Complaining about not listening to taxpayers is ridiculous. They are listening to the majority who votes them in. Welcome to the world of politics.
Vladimir Putin received 76% of the Russian vote in 2018, as he serves his fourth term. Putin’s invasion of Ukraine is him merely listening to the majority of Russian voters that elected him. Welcome to the world of politics. Complaining about his aggressions is ridiculous. The Ukrainians should just shut up and listen to the will of the Russian voter. There’s more Russian voters than Ukrainians anyways so that’s democracy!
Ukranians are fighting for their lives while you complain that your neighbors choose different candidates than you in each and every election. You can organize people that think like you and help get out the vote to change who is elected. You can move to another state where your neighbors think like you. Instead you consistently complain that you don’t get your way because of some made up belief around voter fraud. Sure, it’s the same.
Everything you say is a big lie. Taxpayers are voting with their feet in the hundreds of thousands every year. The public sector unions have gamed the system and it is now theirs for the keeping. Best of luck with it. Once gone the revenue never comes back.