Audio: Wirepoints’ Mark Glennon says Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades – Chicago’s Morning Answer
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.
While the Speaker conceded Illinois faces "tremendous strain" from the "shipped" migrants, Chris Welch sees the state as meeting today's needs. "Illinoisans are compassionate and we will always welcome those in need," said Welch. "[But] for us to continue providing meaningful aid to these families, we need more help from the federal government."
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.
Illinois lost another 54,000 tax filers and dependents, net, according to the IRS. Since 2000, fleeing taxpayers have taken $94 billion of annual adjusted gross income with them.
Joliet already told Pritzker to keep the illegals in Chicago
https://www.shawlocal.com/the-herald-news/2023/10/02/86-million-for-joliet-to-welcome-asylum-seekers-gets-unwelcome-response/
Sub-Retard Duckworth can’t read the room
Help is on the way Chris! Joe’s going to build a wall. It takes people with limited capacity a little more time to get to the right answer. That’s why they probably shouldn’t have the job as the most powerful person in the free world.
3 faces only a mother can love
Or why they get Postpartum Depression.
This is a big ‘self inflicted’ wound…
So typical of all government – they create the problem & then attempt to fix it at taxpayers expense…
Its a never ending, self perpetuating grift…