-- 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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It is always about race in Illinois and not about the citizens as a whole. Endless efforts to divide and conquer.
Who sanctioned this Office to do this study? Yea, I mean specifically who initiated it. It reeks of Marxist mentality.
God forbid, could it be that they’re the ones paying the vast majority of the bill?
Bingo!
Fun fact: the vast majority of tax delinquent properties in Cook County are located on the south side of Chicago and the southern suburbs
So getting off your ass and voting is considered white privilege and racist?
So maybe taxpayers need to go vote and not complain when taxes go up.
If I’m being spoon fed by the government, I don’t pay taxes and therefore am not going to upend the apple cart. At the other end of the social strata, if I’m crazy wealthy, I have lawyers that could find a loophole in the Magna Carta. So now we have those trapped between clowns on the left and jokers on the right. A good number of those are likely employees of the government in one capacity or another and won’t kick too much lest positions be eliminated and those sweet pensions go floating down the river.