-- 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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A pitchfork caravan would be more effective.
They’re just now getting a taste of what’s been shoved down everyone else’s throats.
Lori should confiscate their PILSEN homes ASAP by imminent domain to house/make way for the border immigrants that evil greg and ronnie are busing in from the south!! this is an EMERGENCY!! the people have spoken!! (where’s the +$100k club CTU fighting for the people???)
They should use the tank of gas to leave. Nothing but higher taxes and lower services are on the horizon. It costs billions to fund pensions and as PPF states you will pay like it or not. Only answer is to flee, but you will have to stand in line to get out. The line is getting longer and longer every year.
And the cost of real estate in red states is increasing even though the property taxes are relatively low.
Not telling them where to go, but to go if they want to avoid higher taxes for as far as the eye can see.
Simple supply and demand problem. More people want to live in safe, non-woke red states. You can’t build houses and apartments overnight. Those who want to join the wave soonest are likely to pay more. The increasing prices simply reflect the value to buyers of getting out of Illinois and elsewhere such as New Jersey and Los Angeles and Detroit and Philadelphia and getting into places where schools teach and where politicians are less corrupt.