-- 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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But, but, but –
Governor Tax Cheat just told us that Illinois has such an accommodating and profitable business climate that too many businesses to count are relocating in Illinois.
Actually said that, in a press conference. On camera. In front of “reporters.”
Who wrote it all down, thanked him for his time, and published it.
I’m sure the Wall Street Journal is wrong……
Huh? I’ve been told repeated by Fatso JB that Red States are losing because they restrict sacrifices to Moloch…LOL
File this under “No Sh*t”
Who could have predicted that
— locking down schools/preventing people from going to work
— closing down businesses
— paying people not to work
— expanding bloated state government
— taxing everything that moves
would crash a state’s economy?
Crashing the economy is an unintended consequence of ‘equity’, isn’t it?