-- 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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Raising taxes on corporations and businesses will not cost the middle Americans one cent President Potato Head stated. Corporations and businesses will gladly cut their profit margins and not raise prices on consumer goods. I also have a bridge for sale.
“The best way to do that is to tax those who can most afford it.”. Except our Pritzker family, we will continue to hide ours offshore in a spiderweb of trusts and holding companies safe from taxation.
Paid child care is no panacea.
How does an infant, toddler, or a child with a disability protect themselves against a predator, and advocate for themselves when abused.
The only plan be it Governor Pritzker or President Biden seems to be to spend more money to satisfy special interest groups.