-- 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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Ah yes. The normal Liberal response when they lose. “No I didn’t!” OK if you’re a swamp-friendly leftist like Hillary Clinton or Stacy Abrams, or even the Potato-in-chief. Not so much if you’re not part of the ruling cabal riding the gravy train of money and power. Illinois is bleeding taxpayers and JB the Hutt wants the Census Bureau to simply make up numbers that he and his fellow leftists find more amenable. This is common practice in government, to simply invent data. Climate data is one of the most egregious examples of government data fiction. Other than in the… Read more »
Illinois lost Ken Griffin and all of his teammates and taxes and economic activity.
A limited liability company with ties to Ken Griffin’s Citadel snapped up a property on Palm Beach’s Worth Avenue for $83 million, located near a former Neiman Marcus store that the billionaire’s firm has planned to use as an office.
Hmm, just have Abbot ship more of em up here. Problem solved!
Pugsley the census denier