-- 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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So only non working people and criminals would remain…good, Chicago and the Democrats deserve it.
One good thing has been exposed by the “pandemic”. All the bootlicking fckn dopes have self identified themselves. Don’t be paranoid when everyone is after you! It’s not everyone! Just the people you stepped on!
Does this take into account all the companies leaving IL and not coming back to Chicago? Public officials pretending these losses are temporary is a joke.
Crime and taxes as well!
OMG, another UIC epiphany! Really ? Shutting down the economy is bad for the economy? More brilliance from the university bow tie crowd, maybe a cravet to top off the avuncular ensemble.
This may be true, WFH is bad for commercial real estate and tax revenue. But its great for workers saving money. So its a wash. No problems here as I see it.
Which means that the taxing bodies are trying to figure out how to reclassify your home from residential to commercial with a new tax rate.
It’s the first step in tax rates by race. Hmmmm…. Avg Caucasian household income is X, Negroe household income is J. We’ll split the difference and that is your race tax.