-- 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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If tourism is so important you’d think Lori would be more worried about crime, taxes, and the high cost of greedy unions
Being worried about a potential budget shortfall is a sign of intelligence. It causes a person to prepare for that eventuality. Lighthead however isn’t worried. Chicago, you sure can pick em!
And now with Trump’s victory in the court’s to stop sanctuary city funding…have plenty of popcorn cause this is going to be a show worth watching.
Maybe they should reducing parking taxes and restaurant taxes. If they did, maybe suburbanites would consider dining in the city again. Oh wait ….
The greed of the dems will break the state. But what you pay the chicago machine,in union dues, Taxes and bribes and instead of fixing the state,, It is all about gas weed eaters,Service dogs that are not real,Tax drinks and pols that tax you on their way to prison.A person is a serf in illinois.That is all you are! So stay and play like you can not leave.