-- 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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Mandates are not laws. Businesses should all ban together and go about their business (no pun intended). If enough of them stick together they can tell Pritzker and his Marxists Democrats in Springfield to go pound sand. They should have done this early on in the Covid scam – we would not have been in such a bad position as we are now.
Nothing to worry about, many will not make it. Everyone will make money but the owners.
That is a signal that it is time to LEAVE the state. The customers is who will pay for it, no free lunch, only in government work.
Illinois is self-destructive.
Illinois will become 1099 independent contractor capital of America