-- 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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From what I understand, the Nashville growth is very real, sustainable and exponential. It’s not just some fad that will go boom and bust. The underlying fundamentals of better weather, red state politics, and no income tax are contributing to growth. Here’s the thing: IL wants people to move to Nashville. Because the people who are leaving are most likely conservative voters who oppose our one-party state politics. JB and Lori are like North Korean dictators, who would rather rule over a smouldering ruin of a state than share even a little bit of power with people who disagree with… Read more »
Disagree somewhat. I think the dictator personality wants and needs dissidents they can crush. They enjoy the power over those who try to resist. It’s not as fulfilling to their power lust to have only willing sheep bow to them- anyone can control the willing. True power comes from crushing the resisters.
My son just last weekend took a break to Nashville – He was stunned by the building boom.
I do agree that Democrats want all conservatives to move out of IL. Democrats do NOT want diversity of thought. I’m sure many who stay will comply and become serfs and hope it doesn’t get worse. Newsflash – it will get worse. Biden and Democrats getting reading to attack one of their favorite whipping horses – 1rst Amendment and religious liberty. Sure JB is in on it.