-- 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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Is it possible to determine how many of the top 50 reside in IL and are not taxed?
Sure, but what does that accomplish other raising your blood pressure? They can live where they want with no negative financial consequences others there can’t experience as well presumably and certainly none assigned by IL attaching to their status IL as public employee retirees.
Oops, somehow I thought you meant they were living in FL. Even so, what practical difference does it make to you or anyone else other than raising your blood pressure?
But how else can they work up more hatred for people that worked a job that offered a pension. Their jealousy is consuming them and it must be fed. They need to cry about people that worked 35 years and were offered pensions, healthcare, and other benefits that they don’t receive. Sure some of these people may have carved out a successful life as well but those people are bothered that “lowly” public employees have done so well when they are far superior to these teachers and police officers.
Bingo!!
People are not angry with the employees, they are angry at the architects of this unsustainable and wildly out of sync system. They are angry at Illinois legislators and unions working together to each benefit themselves. And putting the tab on us.
“The peasants are just jealous of us, the wise and industrious (who depend on the peasants’ taxes)” is an essential element of their fairy tale.
People almost every time and everywhere act with self as a primary motivation. You can create dues, codes of conduct and even laws against such things, but as time passes the more creative souls will find ways to skirt or ignore them. Think of how that applies to traffic flow in modern times and prohibition a hundred years ago as two examples. You can’t swim against the tide forever.
You have a point. Now just apply that same point to the majority of people in this state who are not public union members.
You can’t swim against the tide forever. But for some reason union members think they can do just that.
I ask a simple question and the usual hustlers of unearned public union largese show up to wonder why I ask a simple question. Obviously their conscious bothers them, no matter how much they try explain it away, for deep down they know it’s stealing and wrong.
Your question serves no purpose. Who cares where they live and spend THEIR money. It’s none of your business.
Yes, you’ve asked a simple question that probably mostly can be answered by anyone having a computer, even you. First, you need to know the names of the people involved. Secondly, you need to know how many live—or at least have addresses— in IL. That’s likely maybe 90-95% possible as a guess. It takes lots of time to do all of that.. You can do i yourself at no charget, bro. Get crackin’. Now, there are some basic questions that come to mind should I want to devote maybe a whole day or two getting such data myself. Do I… Read more »
I wonder how many of them still have outstanding student loans yet to be paid off
Grifters gonna grift. Unpaid student loans. Skip out on water bills. Claim residency in a different state on their mortgage. Unpaid traffic tickets. PPP loan fraud. the list of crimes against humanity is endless.
Many work for institutions that qualify for loan forgiveness after 120 months of payments. So, I am guessing not many. Another scam on the rest of us taxpayers.
Notice that the top earners are all capos in the Outfit that is always jerking the taxpayers chain for more money “ for the kids.” These people would’ve made Lucky Luciano blush.
The IRS caps ERISA pension benefits at $350K per year. If the legislature wants to do something useful, they can implement the ERISA benefit cap.
Great return on investment. The Public sector workers are financial geniuses, and the private sector worker is an idiot. Talk about a huge rip off of the next generation.
Illinois Royalty.