-- 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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A $94 million property tax increase? Time to take the toilets out
No Schitt
Tax increases 100% chance of Happening.
Lays or spending cuts 0% chance of happening.
Government is like a cancer, except worse.
People ask me who I work for and I reply for the Government, the Local, State and Federal.
They get more than 50% of my earnings.
RIP chicago
She will be the mayor to an empty city.
Those who escaped early – this summer – are no doubt relieved.