-- Connecting the dots between our economy, government and business --
Ted joined Tom Miller on the WJPF Morning Newswatch to talk about the 24 states that have permanently cut their income taxes in the past 3 years and why Illinois isn’t one of them, why Illinois’ state employees are some of the highest-paid in the country, why Illinois is one of ten states that keep public-sector contract negotiations hidden from the public, and more.
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER