-- 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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Time for Illinois to declare bankruptcy — now that Dementia Joe won’t be doing another Blue State Bailout
Another teabilly GOP member that thinks a state can declare bankruptcy. Maybe they should use the Michael Scott method. “I DECLARE BANKRUPTCYYYYYYY!”
IL’s collapse will be long and slow and it needs another decade or two population Great Replacement before it collapses entirely. And when it does, it may happen so slowly, that you don’t even recognize it, as most of the state looks as run down as Cairo, Elgin, Marion, Rockford or Joliet.
Gotta throw out that white nationalist great replacement talk to let everyone know you’re part of the far right. If too many people don’t have white skin then the whole thing will fall apart. Teabilly GOP forever.
Your insinuations that I’m a racist mean nothing to me because you’re not a serious person. In fact, you are the one who puts the racist term in your name. Yes, hillbilly is a racial slur. Given that you’re a hillbilly, and dumb as a rock, you may not be aware that IL is a sanctuary state. IL has an official policy of welcoming poor, illegal immigrants into the state, and we promise them healthcare, food, shelter, schooling, driver’s licenses, and work (wink, wink!). Because of this, IL natives with means – of all colors and races – are leaving… Read more »