-- 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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If you’re an Illinois Democratic Machine politician, used to “feeding at trough” of ever-flowing cash, or a “community activist”, used to generous governmental cash subsidies to your “community programs”, it seems elemental to keep crying “we need to fund new XYZ!”, “ABC is underfunded!!”, “we need to provide free blab-blab-blab!!!”. Yep, it seems that tap of endless ever-flowing “free cash” has no limit. Except, when Illinois wins the dubious prize of “state w/most overtaxed middle-class residents”, with property taxes, already highest in country (maybe NJ still higher, maybe not), and those taxes still rising, year-for-year, via both rate-increases and assessment… Read more »
Well stated!
Right up Pritzker’s alley
The freeloaders are sensitive. When they feel oppressed or depressed only higher taxes will address their needs. Your taxes fund freeloaders, it’s that glaringly simple. The only thing you get for your taxes is an opportunity to give more. The people screwing you over are guarded 24/7. Their that popular!
““We’ve worked really hard to be good members of the community and build a fun and interesting and inclusive space here in our home neighborhood, and I just don’t know that we’re going to be able to continue to survive,” said Rutherford.” Inclusiveness isn’t cheap, it’s nothing more than a grift to steal money out of your pocket, as you are learning. “It’s a person’s worth of property taxes – it’s tough,” Thank you for sacrificing your employee so some other inclusive county employee can get a fatter pension. You’re doing your part to be equitable and inclusive. As for… Read more »
The free stuff army’s population is much larger than business owners hence more and higher taxes are on the way.
Hey Cook County residents,
Keep voting for the same jack ass politician and then expect change?
Make better choices next election! Do not vote democrat!!!!!!!
Assuming there’s a choice – oftentimes there isn’t.
The price you pay for doing business in Illinois.
Should of moved to Indiana.
Illinois is the best thing that ever happened to Indiana, Wisconsin, Missouri, Kentucky, and Iowa.
I have to admit;illinois caused some nice businesses to move to those states.
And some good families with good incomes. If it isn’t the taxes, crime, and government malfeasance, it’s the poor schools and ridiculous edicts from the Illinois State Board of Education.
Like a conspiracy of fools.