-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The leaders in IL are so fat and happy (literally) it is ridiculous to think they would willingly work for a change that isn’t 100% benefitting their pocketbook. Why else to Illinois politicians become involved? The politicians that do it for “the good of the citizens” are far and few between. When they come along – they need to be elected to tell the politicians the corruption finally ends with this generation. (Sound familiar? Trump derangement syndrome?)
Drive around Chicago or the suburbs and it’s shocking how much vacant industrial, commercial and retail properties there is. Just on my 25 minute drive home today through NW Cook County, driving along a busy street in a no name suburb, I saw at least a dozen vacant light industrial buildings, dozens of empty retail storefronts, a vacant autoshop, vacant restaurant buildings, near empty office buildings. Cook County leadership broadcasts “share our values or don’t do business here” and well, businesses are choosing not to do business here. Our business climate SUCKS, the commercial taxes are far too high, we… Read more »
The average Dimocrat voter is a tool used the communists that run DC and the political class they’ve bought to intentionally degrade American society.
It’s by design.
The easiest explanation is not that they’re too dumb to know what they’re doing to their communities.
The easiest explanation is that they know exactly what they’re doing because everything they do makes things worse.
So many IL voters think other states are like IL and IL is the norm. When I tell old friends back in IL that in SC I’m saving $10K in property taxes on a bigger house, another $2K in auto and homeowners and paying $4.20/gal, with 7% sales tax, they think I’m exaggerating. They’ve been drinking Dem kool aid for decades and don’t know the difference. Are they drinking Pritzker’s gas tax and grocery “cuts”? Does anyone outside IL really think Pritzker is presidential material?
At the butcher getting meat for the 4th weekend, and with this being the first of the month the number of Dimocrats with LINK cards was mind boggling. I obviously do not understand.
Here’s some info for people receiving aid.
https://worldpopulationreview.com/state-rankings/welfare-recipients-by-state
This is a scary problem that most of us haven’t thought about. We normally think of the uptick in crime as affecting retailers and folks on the street. But if it is now getting dangerous for service providers, contractors and utility workers just trying to do their jobs, that’s different twist that has terrible implications for just trying to get everyday functions completed in the neighborhoods
Rabine’s comments (and similar ones) need to repeated the entire election cycle. Something to the effect of “I want Chicago to succeed, I tried to succeed in Chicago, but Chicago didn’t want me to succeed.” Be critical of Chicago without being anti-Chicago.
Small businesses without major facilities can easily move to a state where law and order exists