-- 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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Boeing’s government subsidies are much higher than other corporate welfare recipients.
A nation subsidizing a defense contractor makes sense from a national security perspective but local municipalities should not be giving real estate tax breaks on behalf of the national government. somebody in local government was likely on the take for this scam
Query what impact crime will have on Boeing’s future headquarters plans in Chicago? It won’t matter if it is not mentioned as a factor for fear of not being politically correct. I think it will be a material factor.