-- 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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Leave ASAP, while the getting is good.
Best day in your life is when you start over somewhere else.
Chicago USED to be great, now all it has is high taxes, high crime, low education and Schmitt services.
Why are you such a hypocrite? You keep telling others to leave while you benefit from all Illinois has to offer. You must earn a better living here than elsewhere otherwise you would have left by now. Is that why you are so angry in your comments? Don’t have the ability to leave ASAP? That’s ok. You just keep complaining and paying your taxes. That’s a good boy PT.
I wish these taxpayers in Pilsen and other areas would stop their whining. Who did you vote for that controls these property tax increases? Democrat alderman, mayor, state senator and rep, Cook County Board Commissioner, Assessor, and Treasurer. It is getting to be quite boring listening to you complain about the results of your stupid voting habits.
Do you really think PTs would come tumbling down if Republicans were in charge? I doubt that would happen. At least in Chicago and IL, greed drives political decisions. How many Republican pols, if in charge, would vote for something that would lower their salaries, benefits, and/or pensions? That’s where I disagree with PPF who keeps saying we only have ourselves to blame because we voted for the pols currently in place. In IL, to try to bring about a lesser tax burden, does it matter who you vote for?
Nothing stops you or someone with your beliefs from running. If the right candidates aren’t running then change who is running. If not YOU then why should anyone else.
Throw the bums out is the only solution. Try somebody different. Decade after decade of one party rule is the obvious cause. It can’t possibly be worse for you if you are a small business person in Chicago. Maybe property taxes would not come tumbling down with some Republicans in office, but at least you would have some right thinking people in office starting to change the direction of the sinking ship. And the rapid decline might slow down.