-- 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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Orange Man Bad…….JB Fat and Stupid
Pritzker wants to punish all of Illinois for daring to not support his income tax hike amendment. The peasants must suffer for their uppity behavior.
I not really smart but I drove by a Holiday Inn and picked up some knowledge. Raise taxes on business and who pays for those increases? Hmmm, let my Holiday Inn knowledge kick in…….CONSUMERS, the middle class, seniors, pensioners. Another demoncrap move to tax the people they supposedly care about.