-- 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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Another TASK Force!! Like I said a while back. Soon every man woman and child in Illinois will be on a task force. May the Task Force Be With You!
This sh-t in Illinois needs to stop now, task force after task force and absolutely nothing gets accomplished ever. Do politicians think we are all fools in Illinois. How about this one let’s establish THE PEOPLE OF ILLINOIS TASK FORCE established to change and get rid of all you worthless fools in Springfield.
Love It!! The only way for the taxpayer to be heard is to organize or unionize. This way people speak in a collective voice not as individuals in which the pols are tone deaf and blind as a bat to with any of our concerns. All the problems we have in this state are from people who are organized and unionized and get everything they want under the threat of striking or withholding services until demands are met but taxpayers have nothing of the sort.
“How about this one let’s establish THE PEOPLE OF ILLINOIS TASK FORCE established to change and get rid of all you worthless fools in Springfield.” The people of Illinois task force is already organized to select politicians that aren’t worthless during each election cycle. Many of those taxpayers have also organized and joined unions. Those taxpayers typically vote for more government and more spending. In the most recent election they selected a candidate for Governor that promised to legalize weed, legalize gambling, and change the constitution to allow a progressive income tax. The majority of the taxpayers must be happy… Read more »
Agreed. I’ll try to look at this from a different angle. It seems like there is a disease down in Springfield when they get together. Bear with me. Have you been at a funeral for a casual friend or co-worker you barely knew and when you give your condolences to the family at the funeral and they are all crying you get this feeling of sadness like it’s contagious? Now you can feel it in the air. I have many times. Maybe this is going on when they get together as a group but would never do this by themselves.… Read more »