-- 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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“William Frey, senior fellow in the Metropolitan Policy Program at The Brookings Institution, said Illinois is losing young people of child-bearing age, a loss compounded when those people go on to have their children in other states. And Illinois isn’t attracting enough young people from elsewhere, he said.”
You mean a state that promotes and encourages unrestrited abortion, and celebrates perversion and degeneracy, is losing young people of child-bearing ages to other states, like Utah, Colorado, FL and TX? Say it ain’t so JB, say it ain’t so!
“The decline was just 18,124 people, or about one-tenth of 1%…”
But JB said these are just some college students leaving the state for school, right?
“We like to compare ourselves to New York and to L.A.,” said Erin Aleman, executive director of the Chicago Metropolitan Agency for Planning.”
Lately, we’ve been comparing ourselves to Detroit!
Remember when Chiraq was Second City? There were jobs, affordable housing, fun and opportunity. We’ve come a long way.