-- 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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WITH EVERY NEW TAX……POLITICIANS JUST RAISE THEIR SALARIES AND LEAVE CITIZENS IN THE DUST!!……..ESPECIALLY DEMS
Like most Democrats Johnson never saw a tax he didn’t like and in this case invent a new one. As is often the case new tax schemes do not pass legal muster but Johnson’s aspirations for more tax money continues as he seeks to pursue his goals of more taxes from the so called wealthy and soon to be wealthy as anyone who has bought a home in the past fifty years knows how homes appreciate in value during inflationary times. Should Johnson get his wishes it will become a tax on all homeowners which is fine with him as… Read more »
“ Didn’t accurately represent the city’s interests.” Newspeak for we didn’t get what we wanted and will fight until we do. We DEMAND it!