-- 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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Another way to stick it to someone traveling…
The Illinois way, tax people who work hard and give lazy government workers a raise.
Wonder why people and businesses are fleeing?
Tax the rich? Maybe I missed the research that shows that Uber drivers are filthy rich – therefore should be paying more takes. Any taxes and fees put on Uber eventually come out of the driver’s pockets. This is the progressive version of trickle-down economics.
Garza has one foot out the door. Why is she introducing dumb stuff like this when she’s not running for reelection?
This tax grab would be used to set up yet another crooked corrupt union racket