-- 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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The article isn’t forthcoming as to the source of the increase in personal taxes nor is it explanatory of the area included in the 51st Illinois Senate District. Not very useful.
What part of, “On page 65 of the budget, the governor plans to raise personal income taxes by $93 million next year…” did you not understand? Also, this article wasn’t written for wirepoints, it was written for the Champaign News-Gazette – which includes the area of the 51st Senate District…but not sure what the point about not explaining the area in the 51st district really matters anyway (?)…but it doesn’t matter, this wasn’t written for statewide publication, but rather the localized area of east central Illinois.
What a lie! El Gordo would not raise the tax
That much. There is plenty of stolen money
To use no need for more!
Chumbsie Wubsie ALWAYS tells the truth.
Wait for his presidential campaign to start
You can kiss the truth goodby.
What a putz.