-- 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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Go away Miller.
Hack. You are no longer relevant.
Disclose your sources of income please.
Clearly Volkswagen does not understand that it’s WHAT THE VOTERS WANT!
Wow. Rich Miller crawls out form under his rock and writes something outside of the officiall Democrat narrative. Dont let Madigan find out. While we are at it, how about ending the Illinois law that prevents auto dealers from being open on Sunday? Effectively is shrinks the market for consumers by forcing them to shop only on Saturday (what real worker has time to shop for cars during the week?) and reduces the number of potential viable cars to purchase. This shrunken number of purchase options for consumers jacks up auto sales prices. It’s a form of monopoly action that… Read more »
Easy to be overly-critical of the controlling party 3 months after they confirmed their place as the controlling party. The time for hard criticism is before the election.
Who would have thought that turning Illinois from a democracy into a thug unionocracy would be a bad idea?
Rich is a complete goof but a broken clock can be right twice a day. Interestingly enough, there’s no real inside scoop in this article at all, other than publicly reported comments and some seemingly anonymous sources.
Still, it’s a very good article and, as far as I can tell, he got the facts right.
It’s correct to the extent that Rich purposely left out other pertinent or significant facts for him to push his narrative. His credibility is zero.
That’s the Criminal Chicago/Illinois Way
Business and jobs are fleeing Illinois at every opportunity they can. This is a recipe for failure. Run for your economic life, as this is only going to get worse.