-- 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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Illinois Democrats do all they can to kill off business — great for virtue signaling — bad for everything else
The communist views these metrics as flawed and right-wing extremist biased. The metric IL uses is UNION friendliness not economic competitiveness. Using these metrics, IL is one of the most union friendly states in the country.
Because business can’t exist without unions! Oh wait, that’s not right…