-- 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 services have been dwindling for 10 years now, the money you shell out in taxes has not been worth it for a long time now and will only continue to get much much worse. The only solution is fleeing and living elsewhere.
Lightfoot has a plan to increase sales? Is it product enhancements? Improved customer service? Lower prices? I can’t wait to find out.
“This is not simple math”… For the last 20 years the union types and their lawmaker puppets treated it like it was simple kick-the-can accounting–when did it become so complicated all of a sudden?
Massive tax increases. Who are the unions going to vote for, a Republican? Of course not.
Welcome to the next Detroit ladies and gentlemen
She really thinks we are all stupid.
But her hair still looks good 🙂