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.
Thinking that far into the future is painful and confusing. Invest in Illinois. We’ll make it possible to make money for five years. When the tax breaks expire you should have enough money to abandon the business and retire or run the scam again, just change your name.
But isn’t rivian building thier new multi billion $ plant in texas, not Illinois, with +$400 mil tax breaks from state of Texas that will make rivian plant in normal ill look like peanuts in comparison. Additionally if Congress doesn’t pass bbb with tax subsidies to UNION built evs than texan rivian plant location looks even more attractive over union friendly Illinois for ev manufacturers.