-- 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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As usual the democrats in charge of Illinois are going to kill a golden goose. As usual what else would one expect?
Sin taxes are just fine with the state.
Doesn’t matter anyways as gamblers almost always lose everything sooner or later.
“Sports betting companies said if approved, higher taxes would mean worse odds, and fewer promotions for users – which they warn could fuel the illegal market.” kind of like what goes on with the marijuana market because of how high the taxes are.
Welcome to the most taxing state Illinois,
We greet you with “ shut up and pay”,
Our new state motto.
Our state mascot, Squeezee the python will
Get all he can from you, like it or not, “Pay”.
Time to kick the migration out of Illinois
Into 2nd gear, if you stay you pay!