-- 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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I think every hospital should pay property tax’s for at least police and fire. If there is a fire who puts the fire out? We just built a $505 Mil hospital in Rockford with tons of tax incentives and getting zero in tax’s. They are and making a lot of money. Their response is that that give charity healthcare to some and deserve the tax break. I donate to charities and church. That means I should not pay any property tax’s also. Fair is Fair.
Advocate is the most profit driven non-profit I’ve ever seen in my life.