-- 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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Again, let’s see if this project gets built. $5,000,000,000 is a MAJOR investment, especially for a foreign country to make in America. Right now, The world is teetering on the edge of recession, if not depression right now, and major investments tend to be put on hold at the first sign of layoffs. China’s economy is frozen right now with 25%, Germany is de-industrializing, using less energy this year than before unification, while at the same time, hundreds of thousands of people are again marching through Berlin demanding the expulsion and slaughter of j…s. The Panana Canal’s shipping is cut… Read more »
“Give credit where it’s due.” Thank you, IL taxpayer.
There is barely a spot on JB’s rear end that Rich Miller hasn’t kissed yet. He must have found a tiny one.
Pritzker’s favorite stomach parasite slimes out of JB’s greasy fat folds to once again spout lies and propaganda for his master. Miller calls himself a ‘journalist”? No. He’s a disgusting simpering toady. What a pathetic life. How does he look at himself in the mirror? And how fast will Miller do a dozen downvotes? Will he beat last weeks dozen in an hour? Pritzker and Miller are the Tyranny that the founding fathers warned you about.
Miller must have some new email addresses. Idiot.
Unable to smell because of all the brown lodged in his nose, Bootlicking must be a lonely vocation. I wonder if Pritzker’s odor is worse than Madigan’s.
I’ll absolutely give credit where credit is due. First, I’ll give credit to an increasingly desperate Governor Pritzker for pushing the panic button and giving away the store in order to get Stellantis to reverse course. Next, Stellantis deserves a lot of credit for having the smarts to close the plant and patiently wait for Pritzker to fold like a cheap tent and overpay egregiously! And finally, extra special credit goes to Rich Miller for cementing his title as ass-kisser extraordinaire of the Governor who considers himself King. Take a bow Rich!
According to Miller, Pritzker saved the plant/ according to the UAW they saved the plant and according to the Biden camp they saved the plant Interesting, all three are claiming they saved the plant. My guess is that it was money that saved the plant including Federal and State funding that amounted to way more than the actual costs of staffing and operating the facility. The usual battery of headlines are out with nary a mention of the actual costs involved, but when it comes to garnering headlines for Pritzker, Biden and the UAW no cost is ever too much.
And never mind how big a bribe Illinois had to pay to get this. What a bootlicker Miller is.
Regardless of the size of the bribe they are here and staying for a while. I don’t agree with bribing or giving incentives with very profitable companies but how many states gave huge incentives to build an Amazon warehouse. Bezos net worth alone can pay the entire $140B pension deficit here and still would have billions left yet states including Illinois also gives them “Incentives”. Stellantis at least makes products where Amazon is basically a giant warehouse. It would be nice to know the amount of $$$.
If Stellanis gets to pocket all the state income taxes incurred for its workforce, how are they going to help pay down that $140B pension deficit?