-- 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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The Honest Hard Working Taxpayer feels like they are being screwed.
It is because the are.
Thank goodness that the cops, teachers and firemen all got large raises and did not have to work for them. They are much more important than the honest hard working taxpayer who may have lost their job or taken a pay cut. Just ask them.
Peoria Co is bending over backwards for those homeowners out of work – you can make your 1rst property tax payment in two payments, not one. Gee, thank goodness!!!
PT –Teachers – YES (esp in Chicago). Police and Fire NO and NO! Please do your research before making blanket assertions
After the ‘progressive tax’ passes in November, Illinois will have a $60B budget before Pritzker leaves. The majority in Illinois favors dramatically higher taxes and spending by the state.
Why work when you will get paid and a raise for doing nothing.
“The General Assembly is scheduled back after the November election.”
Good, that’s nearly 6 months they can’t cause any additional harm and trauma to the citizens of this state. This particular session of our legislature has been horribly awful.
Check out http://www.naturalnews.com and search Illinois pensions and separately Illinois politics. Many articles that basically Illinois is the laughing stock of the U.S. Scroll way down on articles for comments. He also has a satire on Joe Biden at his main page for the “ain’t black enough” comment.