-- 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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Need to publish the names of all the elected officials that vote for an increase. Put a billboard on 88, 55 and 57. Send direct mail filters to the residents. Send text messages to people that says Joe XXX just voted to raise your taxes…. We cant out fund-raise due to the Unions using our own money to fight us but you can win the public opinion. WirePoints, do you know a PAC that can help here?
Thanks for the downvote PPF. I must be onto something
Sorry to bust your bubble but pensions must be paid per PPF. Do a cash flow analysis and you will see that there is no other choice but to raise taxes for years to come. Either pay up big time or leave like hundreds of thousands already have.
Per the US and Illinois Constitution.
There is always a way, we just need the will to get it done.
Parasites are not a symbiotic relationship. They eventually the host.
Only in your twisted world are police, teachers, and firefighters parasites. But you keep trying to steal from these people. Maybe billboards along the highway will convince enough people. You’re a marketing genius. If that doesn’t work you can mail newspapers to people. lol
Can we please we please get an ignore option!
Try as you might, you can’t ignore the US or Illinois constitution. Ignoring the truth won’t solve your problems.
You just did the “at least I have muh constitution” meme! LOL
WE have the constitution. It’s sad that you hate the constitution because it doesn’t allow you to steal from retirees.
Replacing fungible political humans who are motivated by greed and fear has solved nothing Only practical way to attack this problem: GO to school board meetings and speak your 3 minutes. Bring well- researched documents supporting your arguments of their economic destruction of your community and pass out copies to all Board members. They may claim ignorance before you, but must own up to willful ignorance after you. AUDIT school CAFR and budget, look for illegal spending. It’s there. But school boards typically never look at line item spending before bobble heading consent agenda. LITIGATE a tax objection lawsuit when… Read more »
Kane County not as bad as McHenry County, but for one example, a friend in West Dundee has a property tax rate of 2.93% of full fair market value. Property Tax Rate capitalization has suppressed the value of his property over many years, because people have a choice to live anywhere in America, where property tax rates are typically around 1% of full fair market value.. And anywhere in America, there are schools and roads and some semblance of public safety infrastructure provided in return for that 1% rather than 2.93% (nearly three times) that cost for similar or lesser… Read more »
Big Illinois Guvmnt always needs more of your hard earned money because they do such a poor job controlling the costs of guvmnt!!