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.
To paraphrase a line in Field of Dreams: “give them enough taxpayer-funded subsidies, and they will come.”
I view Pritzker’s “apprentice programs” with much interest. Currently the Crafts and Trades have apprentice programs available to the public that offer training as well as pay on the path to becoming Department of Labor Journeyman. What am I missing? I do know locally there is a non union construction company that is involved with a planned school making me wonder will the State be training individuals for work in non union construction jobs. Seems rather odd that this would happen being the unions blindly back the Democrats here in Illinois…oh well Clinton, a Democrat, signed NAFTA and we see… Read more »
Comrade Bumbler just can’t get it through his head that his business initiatives squandering tax dollars aren’t working. He’s always a big player with other people’s cash.
$5 million is the property tax paid by how many overtaxed homes?