-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
More and more ‘Capitolfaxers’ joining to give TD’s to anyone with a common sense view.
A push by them that has begun recently. They don’t seem to give a reasoned response but their little fingers can click the TD button.
I suppose the editors of Wirepoints have noticed this trend
The advisory question is: “Should any candidate appearing on the Illinois ballot for federal, State, or local office be subject to civil penalties if the candidate interferes or attempts to interfere with an election worker’s official duties?”
This question itself is election interference, to prevent Republican candidates from even questioning the voter fraud endemic to the Illinois election system.
Letting Pritzker change the State Constitution would be short sighted and dangerous. It is virtually guaranteed that in a few years time there would be several progressive tax tiers well below a million. Additionally, retirement income would be taxed without a doubt, initially at a low percentage, but that would be increased over time. Progressive Democrats have an insatiable appetite for your money, and they have insane ideas how to spend it. Vote NO as if your wallet’s life depended on it.
Feels like Charlie Brown and Lucy kicking the football. Charlie (voters) never learn. Tax issues should NEVER be written into the State constitution.
NEVER? So the words “a tax on or measured by income shall be at a non-graduated rate” should not be in our constitution? Some people never learn indeed.
Your idea regarding the constitution would please Pritzker and Illinois dems.
If you vote to have the demofilth raise your taxes, you deserve everything you get.
No, No, No – If JB and the democrats want it your going to get screwed.
They never allow real items like fair maps….
Agree. Say “No” to everything – that includes any local school referendums in your area or referendums for the Dupage County Forest Preserve. No, No, No