-- 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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Every year the IL Democrats pas more anti business laws that make Illinois poison for investors
Yep, its the productive person’s way of taking his ball and going home….
Governor Cuomo publicly stated we cannot chase our rich away from the state of New York. That was the beginning of the end for him.
Guv Pigchop hates wealthy Illinois citizens that won’t support his policies. He wears a man girdle to keep his massive gut under control!