-- 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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In light of Kamala Harris talking about a wealth tax, how long do you think it would take the IRS to sort thru all these trusts to assess the wealth of an individual? Years…decades?
Kamala can talk about a wealth tax, but talk is cheap. Too many very wealthy democrats that won’t be fans. It’s a tease.
“$28,902 to replace a broken TV in the gym” that must be some TV!
Just goes to show that money can be a curse more than a blessing.
Sounds like a perfect place for them to donate to the illegal aliens they welcome into the country.
They are philanthropist right?
This article serves as further notice of the liberal elites and the hypocrisy with which they lead their screwed up lives. Multiple mega mansions and egregious carbon footprints are just fine for they uber wealthy, who shield their assets from taxation while telling you that YOU need to pay your “fair” share. Pritzker and clan have not one redeeming quality.