-- 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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Time for all the serfs to pay up! No more tax holidays for you! You didn’t think that socialism was really going to be free now did you?
Sounds about right, unless you’re an undocumented alien living for free and demanding a job and free healthcare, shut up and pay your fair share. Plus, a tax credit is available to those deemed worthy in Illinois.
https://tax.illinois.gov/questionsandanswers/answer.113.html
No wonder the birthrate in this country continues to drop.
Spot on FH. This is another nail in the coffin of the America we grew up in. My parents had 7 kids and it was possible until the progs taxed the he’ll out of the productive members of society to give to the unproductive members of society. I saw a family with 5 kids in church recently and was shocked. That was the biggest family I’d seen in years. Other people were even “thanking them” for their service if you get my drift.
Pugsley won’t pay his taxes — all his generational tax evasion wealth is in offshore banks — but he wants you to pay every last penny of your taxes