-- 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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More hypocritical behavior from billionaire Pritzker. He shields his wealth from taxes but expects Illinois residents to pony up more of their hard earned pay (Pritzker of course simply inherited his billions). Do the math for a second. Pritzker has estimated wealth of $3.5 billion. If he only earned 1% on his holdings, he would have income of $35 million. Of course there are investments that do not yield immediate returns, but explain how Pritzker essentially pays relatively peanuts in taxes year after year. He has an affinity for tax avoidance, bordering on evasion (property taxes anyone?). Not a good… Read more »
So Ralph Martire is yet/just another goverment grifter.
Social and economic justice through data-driven policy.
Sounds like a communist.
https://www.ctbaonline.org/
The most misnamed union lobbyist group in the state.