-- 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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I voted no because Dems lie all the time. Sooner later it will be tax the middle class because the rich moved out of state
Wow so much to unload on here. Publication called Jacobin after the perpetrators of the Reign of Terror of the French revolution? They aren’t even trying to hide it anymore. Rauner left the state a mess? I guess 30 years of Madigan doesn’t count. Pritzker the would-be saviour, but the people of Illinois are too dumb to understand? Please spare me!
The defeat of the so called “fair” tax is the first nail in the coffin where JB’s political career will rest. The sooner the better.
They forgot how the Dictator who lead the fight for the Blank Check Amendment committed tax fraud by removing the toilets from one of his mansions
Author Ryan.
Illinois doesn’t have a revenue problem. It has a spending problem.
Me thinks the author tis a hypocrite. Mr. Griffin paid roughly $75,000,000 in state taxes last year. I imagine the author of this slanted piece of shit paid a few grand at best. The current tax system is fair you ungrateful clown.
I most certainly like your post name, you are not alone I’m in the same boat
Thank you Ken Griffin.