-- 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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All citizens of Illinois exist to serve the government of Illinois. Period. The people exist to fork over money to enrich public sector union members and their lap-dog politicians. Youze chumbolones just shuts yer yappers, gets back to werk and payz yours taxes.
“We need leaders looking for ways to help people rise instead of holding them down or shaking them down.”
We need leaders looking for ways to shrink Big Government and get it out of my life
Thoughtful opinion piece. However, the rot in Illinois is so bad that Illinois is unfixable. Just look at how Pritzker recently showboated about using state tax dollars to extend healthcare coverage to illegals in the state. Just wait for the amnesty for illegals and the open borders Mr Porter.
Equality is measurable. Equity is subjective, in the eyes of the beholder. You think it’s equitable to give vaccine to younger BIPOC instead of older white people. Genocide becomes equitable to overcome past wrongs of other people’s ancestors.
Springfield Mafia is quite worried about equity. They want to take your slice of equity and make it their very own equity.
Excellent article. I already thought Illinois government was predatory, but hadn’t ever thought about what a big problem not having a transponder can be. These are the leaders who claim to be worried about “equity”? Shame on them.