-- 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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The 2% tax is not currently enough to cover
Existing sports debt. How the hell will it cover billions more. You know the answer,
We the screwed taxpayers of Illinois will.
More taxes for everything the “ usual gang of idiots “ comes up with, pensions , illegals,
Schools, you name it we get stuck with it.
If we have the power let’s recall Pritzker
That will be a start back to sanity.
Don’t you know……he wants to be pres!!
Pritzker could screw up a one car funeral procession.
Just think what he would do to the US.
On second thought, He is good at removing toilet bowls !
I know …..that is why it’s so scary……looking at who we have now means anyone can win!!
Rome is burning while the Popular’s discuss building a new coliseum.