-- Connecting the dots between our economy, government and business --
Richard Porter: "Millennials are moving away from states that have more lawyers per capita (a proxy for regulatory burdens) and higher taxpayer burdens, both in terms of current taxation and expected future burdens based on indebtedness. They are moving to states with fewer rules and less-costly government. This result is consonant with common sense: People look for values in all areas of their lives. Why not with respect to governance as well?"
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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Good for those that leave the state of Illinois!!!
Playing politics is all that ever happens.
Never working for the people of Illinois–it is what can they get for themselves.
Those in Illinois government are proof.