-- 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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No surprises here. Everyone knows people are fleeing the highest taxes in the nation and still have some of the lowest services and high crime rates.
Where’s RAJA to call the Census Bureau a bunch of liars?? The day in my life is coming, sooner rather than later, when I will leave my home in Cook County for somewhere cheaper, more rural and less like living in a United Nations suburban dystopia, where I’m the only native English speaker at the local Wal-Mart. If you had asked me several years ago, I’d probably move somewhere within Illinois -I’ve lived here my whole life, I’m familiar with it, and so on. But now? I’m headed over the border, either south to KY or IN or north to… Read more »
Somewhere on Table Rock Lake in MO for me. Still family here to take care of in the meantime.
Don’t wait too long so as to minimize the losses you’ll take when you do sell.
More carnival barkers, I presume?