-- 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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Now with BJ as da Mayor of Sheeeetcago taxpayers need to bend over and grab their ankles.
Higher and higher taxes are coming your way.
Glad I voted with my feet over 20 years ago and left Taxistan.
Da Judge
Johnson ran on raising taxes. He ran on investing more in public schools and is against school choice. The voters of Chicago thought this was the best course of action. They asked for more taxes and they will get that. The people have spoken.
Alternate view: The public employees unions placed a large bet on their ability to bury their faces even deeper into the public trough. They gambled that they could persuade enough people who pay little to no taxes to join them in this campaign to loot even more from the taxpayers. They made vague promises that others will share in the booty, in exchange for their support. But in the end, the unions will decide who gets what, and they will be the primary beneficiaries of the money gushing from the trough. The increased taxes will fall mainly on the people… Read more »
“The increased taxes will fall mainly on the people who voted against them, which is exactly what they planned.”
That’s typically the plan for both parties. You don’t win votes by telling people they will have to pay for things.
Ha ha ha ha ha that’s a classic.
You don’t win votes by telling people they will have to pay for things.
Ha ha ha ha ha ha.
BJ elected da Mayor of Sheeetcago
Next higher and higher taxes on everything.
Them more and more Illinoisans vote with their feet and leave Taxistan.
Remember da 1 finger salute when you leave behind the once great state of Illinois.
Da Judge
Like hell, PPF. Polls Cleary show the public is against all of that. I say David Axelrod had the best explanation for the election: “Vallas’ voters were excited about his issue, crime and policing,” Axelrod says in an email. “Brandon’s voters were excited by him — a new, fresh progressive voice.”
That fresh progressive voice includes more taxes and supporting public schools. That voice doesn’t support school choice. Polls show people also were worried about crime yet they chose the defund candidate. Polls may agree with you on individual issues but they never seem to agree with you on the candidates. Maybe more nuance to how the public views those issues than you want to admit.
Nuance? The election results don’t show any nuance in the public’s views, just good old-fashioned voting for a spot at the public trough. It’s a lot easier than actually working.
The only polls that ever matter are on Election Day.
Wasn’t that long ago where some commenters here stated it was a waste of money and that Johnson would never win. Apparently CTU endorsement means more than the police union. At least CTU won’t be going on strike before the next contract.
Yes, to Punta Gorda Luxury homes for Lazy worthless government Lackies.
Why would they leave now? Big raises coming in the next contract.