-- 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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Let the other guy pay for it. Our whole tax system in this state and country are built on this concept. Social Security going to run out of money in 8 to 10 years. No problem because we can have the other guy pay. The top solution offered is making those above the income threshold to pay more in taxes. Not because they are using more benefits or because we want to provide more to those folks but rather because we want the other guy to pay. Promote sanctuary policies in the Chicago? No problem, we will just ask the… Read more »
Don’t tax you and don’t tax me…let’s tax the man behind the tree.
<<old adage with current implications>>
All that taxpayer money and the kids can’t read, do basic math or know a thing about US history.
They’re being taught U.S. history, but not always the historical version.
Who’da thunk, even the capfax crowd has had enough of CTU/Stacy & crew