-- 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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“People are looking from the Northeast and relocating for jobs — not retirement — and companies are looking” for offices, Ross said. “It’s tax issues, and there’s the security issues. There’s just the ease of living.”
In the past two years, major technology, finance and law firms have moved or expanded to South Florida, drawn by the lower taxes and warmer weather. Ken Griffin’s Citadel has relocated its headquarters to Miami from Chicago, while companies including Apollo Global Management Inc. and Blackstone Inc. have taken space in the region.
It’s more than just taxes although that’s a serious consideration. It’s the progressive utopia that permeates everything throughout the state that makes it an undesirable place to live. Harpy Karens in your face, homeless encampments everywhere, cannabis and video gaming and casinos on every corner, the hollowing out of the retail, commercial and business community, the anti-gun, pro-globohomo agenda. It’s intolerable.
People are fleeing Illinois because it is the smart thing to do.
Ask yourself why is Texas and Florida growing like wildfire?
Both states give great opportunities to workers and businesses.