-- 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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With commercial property values dropping like a stone the tax burden will fall onto homeowners. Look at the recent price of this building in New York. There is no place left in Chicago to invest.
https://www.yahoo.com/news/23-floor-manhattan-office-building-174757219.html
The transformative change I see is the steady slide into Nueavo Caraccas….
She’s totally indifferent to the reality that ARPA money was temporary and unsustainable.
The tide will change when the voters want it to. They will get tired of taking scraps from the Masa’s table. Then they will tell those
Democrats to go pound sand and they will act as equals not serfs, providing for others.
Yup you are absolutely correct “ The tide will change when the voters want it to” spot on.
When she realizes that the suburbs are part of Cook county and provides services here, I’ll listen to her. The suburbs do not exists to tax to fund Chicago. Look at the property tax increase in the suburbs and compare to services. She needs to invest in the suburbs.
She can do whatever she wants. She’s freaking 77 years old, should be retired passing on the torth, but these old folks can’t give up power. But why would she? She won the county with 69% of the vote. The “always vote blue no matter who” crowd hands her unchecked power to do whatever she wants. So she focuses on the city and south suburbs where her base is an ignores everyone else. Say what you want about Donald Trump’s age, it is valid, but the man is a machine, full of energy and sharp, and he’s trying to win… Read more »
Everything you’ve said is true. Where is the opposition? At some point there needs to be a concerted effort to stop the chaos, corruption, the malfeasance. With social media, letter writing, petitions, alternate slate of candidates who are reasonable and not nuts?
There is no opposition because we live in a one-party state. It’s a design flaw in our democracy. Too many like-minded but low information voters voting the same way gives rise to party rule, rather than individual politician ruling. The party candidates are merely plug n’ play, it doesn’t matter who they slate for office, they always win, and they always vote the way they are supposed to. That same party with a super-majority then has the power to rewrite the rules to favor their own party and forever marginalize any opposition, and it because a difficult and uphill battle… Read more »
Typical mumbo jumbo talk from Toni baloney. There isn’t one thing she said that represented transformative change. It was all short term giveaways to the perpetually lazy gang she claims to care about. She’ll be asking for another billion very soon, to continue the scam. She’s worthless.
That change is making all of Cook County a third-world $hithole, as one of my friends recently called it.
Taxwinkle still using the plandemic as an excuse to give historically lazy people even more money.