-- 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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He should hold a sign on the exit of the interstate saying “Will work for food” like any other beggar.
They mayor should start with fat governor’s that rip their toilets out to avoid paying taxes.
Chicago residents grab your wallets and hide them . He will not consider lay-offs or other taxpayer saving ideas . He just keep raising taxes .
Maybe Johnson and Gates can pay their city bill first. Has Johnson caught up with his outstanding water bills?
Are those “loopholes” why they are moving out and taking jobs with them?
When asked to explain what “progressive revenue” is the mayor responded by listing everything he wants to spends money on.
Delusional jackass
“Progressive revenue” is another lovely, made-up phrase that does not necessarily have a negative connotation unless you’re aware of who’s using the phrase.