-- 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 result of voting STUPID for decades. What will Shitcago do when the only people left are welfare leaches?
It depends how those long-time apartment owners have been voting over the years. If they have been voting for liberal Chicago values, and in particular the current crop of incompetents at the county, city and school level, then gooder and harder,
Property tax theft is a Chicago mainstay
Correct, but it’s also a Illinois mainstay