-- 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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One of the basic skills you must have to be a successful politician is you have to know how to count. Dick Phelan was the classic unqualified pol– lots of big ideas and he could not count votes and consequently could not pass any of his grandiose ideas. Brandon may be worse than Dick Phelan. It ain’t complicated. It is simple math. But “he can’t count ” is a label that sticks with you.
Of course BJ can’t count. He’s a CTU member and former CTU teacher. Counting is a skill vastly beyond any CTU member’s ability. Plus, the only thing that these vermin want to count is the piles of money that they are stealing from the taxpayers and the CTU parasites can only judge by the height of the piles.
Panicky staying the course. If things don’t go your way, deny, delay and then hide out to emerge days later and blame your mess on Trump, Nixon, global warming and white peoples in general.
Encouraging that the City Council is showing a little spine on this. Sure it’s a little easier with a feckless and detested mayor like BJ.
pure ****** bullshit
Any revenue increase should required a minimally equal budget cut.
He should propose a tax on moving van companies because they will be the beneficiaries of his singular obsession with raising taxes.
I’m sure Chicago already has a exit tax seems like all the towns do in Illinois from everyone bailing.
City gets 1.05% of all home sale transactions, so they have that covered…