-- 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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Checked my real estate tax bill, almost 80% is going towards schools. Primary schools, high school, and Community College. When is enough enough?
And those schools you are funding are political indoctrination camps.
Why does the Dictator for Life hate children?
More money seem to be spent on schools themselves here in Belvidere. I drove by a few schools and they are doing a complete tear down of the parking lots. These are somewhat newer schools and some additions. Huge crane lifting I Beams. This is probably paid for from within the school budget which means the state and local taxpayers will pay for it. Considering enrollment is flat or down why not spend more money? I’m sure the next contract will include more raises also. We are only ATM machines.
I just don’t understand just don’t