-- 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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All IL residents deserve better – and won’t get it until there’s a regime change.
What can we do to accelerate this exodus?
JB says as long as the Federal money rolls in things are wonderful in Illinois.
The King has spoken!
Good for these people. The natives have been leaving seeking a better life, as Chicago replaces them with low wager and other illegal immigrants… “Trump earned about 42% of the vote in Lake County.” The pearl clutching. The author can’t process how a D+98 area could be full of crime and poverty vs. the relative safety and prosperity of a D+15 Lake County, IN. As for that Trump 42% of Lake County, even that’s unheard of, Gore won Lake county 62/36 in 2000 vs Bush, and TRUMP! bested that 20 years later wit 42%. All the IL natives are leaving.… Read more »