-- 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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Of course Toni Taxwinkle will be bringing back the soda pop tax. Right after the 2020 elections she will reintroduce it with all of the original unfairness and absurdities.i.e. no tax for food stamps participants, tax on diet beverages and natural juices, etc.
This tax coupled Democrat politicians deep desire to tell people how to live along with revenue generation. Its a win-win in their perverted little minds.
She will gamble that by the time the 2022 elections come around the public will no longer be outraged. Just shut up and take it you chumbolones.