-- 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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Time for a federal probe of this crooked deal
Yet this is what Ford is doing while the Illinois governor says this is the greatest deal since the beginning of time.
https://www.naturalnews.com/2023-09-27-ford-pauses-construction-ev-battery-plant-michigan.html
I think Ford is close to throwing in the towel on MI. If CAT can leave IL Ford can leave Detroit. None of that historical legacy BS means anything anymore especially when the legacy states are actively trying to destroy your businesses.