-- 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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Ralphie Martired can’t fathom the exodus of businesses and taxpayers from the utterly mismanaged cesspool of Illinois and Chicago in particular. Ralphie will have to accept spending cuts either by choice or by judicial fiat.Ralphie also needs to get out of his tiny academic bubble once in a while and see how his ideas burst into flames when subjected to the real world.
There’s no evidence that high taxes cause people to move, he has often said.
Have to disagree on this one Mark everyone I know and have talked to including myself plan a move because of high property taxes
I apparently must be clearer. That’s what Ralph said, not us. We’ve said the opposite for years.
We left IL for this reason CO tax burden especially property taxes MUCH lower BTW Ralphie is the CU mascot LOL
This POS is a professor. Which translates to, “I know nothing about the real world.”
As usual, it’s a revenue problem. Chicago’s taxes aren’t high enough. It’s not a spending problem. There is absolutely no waste or corruption in Chicago City government. He also states that no one is to blame especially the democrats who created this system and have been running it for the last 90 years. As long as you slaves continue to give credence to democrat stooges like this POS and the absolute nonsense he spews, you will remain slaves.
Martire is not just a college professor (who was recorded saying he loved that job because they talk all equity all day every day), he’s a union shill operating his “center for tax accountability” that is largely funded by the teachers union and other public unions. He’s also a former school board member in River Forest and Oak Park who advocated for higher taxes and and as an OPRFHS D200 board member voted for a $140+ million pool driven school rehab that very intentionally bypassed a referendum while also lying to residents of Oak Park and River Forest by saying… Read more »