-- 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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IL politicians have proven they don’t give a damn how many people leave as long as there are enough chumps left to pay the pension “Promises”. Jan 1 brings a whole new slew of taxes added to already long list that grows by the day. “The Fog of Taxes” . Pile on so many taxes that adding some more won’t make a damn difference….if you haven’t left by now then we will just keep hammering you ….why not ? nothing changes and they know it
IL politicians have proven they don’t give a damn how many people leave as long as there are enough chumps left to vote for them. They’ll raise taxes to astronomical levels to get votes
Question? All the politicians who run unopposed – If they receive “0” votes are they still elected or do they have to vote for themselves? Most elections there are at least 50% running alone. Try to have a Happy and Healthy New Year everyone. It won’t be financially easy.
No Democrat receives 0 votes!