-- 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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U-Haul prices jump amid high-tax city, state exodus
True. U-haul rate for 26′ truck from Chicago to Phoenix $4,025. From Phoenix to Chicago $1,720 and that’s not including bullet proof vests and armed guards trying to leave Chicago.
If the progressive tax isn’t voted in, the real action the IL pols will take will be to raise the flat tax rate.
Everybody’s tax rates are going up anyway
VOTE NO!!!!
“Shock Therapy” Couldn’t think of a better phrase to describe voting NO.