-- 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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These counties should join up with border states, like the counties of Eastern Oregon are trying to do by creating a Greater Idaho
What a great dream, hopefully to be made a reality!
I wouldn’t have to move that far!
These small counties are like a broke brother in law staying on your couch demanding how the home should be decorated, what’s on tv and a say in what’s for dinner. When he doesn’t get his way he threatens to leave. What a joke. These counties don’t contribute yet think they are special. Maybe Missouri or Iowa will take in these deadbeats. Uneducated welfare takers are really in demand.
You’re wrong. What do you mean by “contribute”? You mean tax dollars? OK, you’ll always have more populated urban area and less populated rural areas. More people will contribute more tax dollars. That’s just simple math. Do you like to eat? Do you know that the biggest business in Illinois is agriculture? Agriculture is what these rural, less populated areas do. How about opportunity costs? Could and are these rural counties capable of “contributing” more? Of course. But Illinois’ crappy business environment is hurting these rural counties just as much as it is the urban areas. The urban areas are… Read more »
JB and Democrats are creating a progressive utopia. It’s difficult to accept. But THEY WANT YOU GONE. They want conservatives farmers to sell their land to Bill Gates, or the Chinese, who will use non-voting illegal imimgrant labor. It’s less conservative votes. JB has said as much. Look at his tone towards the 45% of people who DID NOT vote for him. He calls them MAGA extremists who have no say in anything in the state. You’re the MAGA extremist because you didn’t vote for him. HE IS DELIBERATELY MAKING THE STATE AS DIFFICULT AS POSSIBLE FOR CONSERVATIVES TO LIVE… Read more »
Understood. My wife and I have our jobs here and a home that we love. I’d like to find a way to keep the home but I think the trajectory of the state and nation is set and I’m talking with her about developing an exit strategy. I think Illinois is past the tipping point of saving.
Maybe they would not be so “broke” as you put it if their tax burdens were lower.
They don’t make enough money to pay any income taxes. Per capita income half as much as Chicago area. 10% college educated. Quarter of them don’t have internet. A quarter of the county on the dole. Zero building permits in Brown. Need to earn money to pay taxes. Property taxes are a fraction of the rest of the state. Contribute next to nothing per person and only take. Ghost counties that are lucky we keep providing. Don’t care what they think or want.
Ha ha, correction, the original state of Illinois would be left with and for the illegals, welfare takers, communists, their mob rule and criminals!
Red states will soon have to put up border patrols to keep Illinois criminals out and keep their people safe!
I don’t pay taxes to support my demise!
The slaves and peasants must contribute more to the King or be gone!
Please add Stephenson county to that list – they’re SO close to Wisconsin most business goes over the border already.