-- 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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LibTard Shit-Stain Guzzardi Wants Illinois To Be Number One For Policies That Drive Out-Migration
Wonder why the rich are fleeing Illinois?
After they leave the middle class will end up with all the bills.
This will be the last nail in the coffin. Chased Ken Griffen out of State.
Citadel’s $16 Billion Gain In 2022 Makes Ken Griffin’s Firm The Top-Earning Hedge Fund Ever. Just one more of Illinois success stories. Illinois kills another golden goose.
Then the added revenue won’t be as much as expected and the bottom threshold will be lowered until it’s $50K or so.
Always the way – tell ’em it will only impact rich folks and keep lowering the threshold until it impacts everyone.
Stupid chickens to fall for that one again … but they may.