-- 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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What a great idea invented no doubt by the Pritzker campaign club. Read the article for all the headlining blah blah about saving families money at the grocery store with the reality that the communities can simply reinstate the tax. Another headline for Pritzker’s future campaign run that might very well be touted at the upcoming DNC but for the Illinois taxpayer nothing will change at the bottom line.
This state has its head up its a..so far it will never see daylight. Oh Lordy they want to cut some taxes from us. Stop over spending for
God’s sake. Something as simple as this is causing a problem, what the hell are they going to do about excessive property taxes .
God help us all, how about a rapture only
For stupid democrats, thank you God.