-- 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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Pay me to move to Jacksonville, Florida? I’m in!
Pay new residents at the expense of the old residents. I would be pissed if I were an old resident and move the hell out of town.
Why stay in Illinois when you can travel 100 miles to a better rural area in a different state?
*Anywhere* in rural downstate IL is really “Nowheresville”… bleak, poor, boring, and just plain depressing…
You need to get out more. There’s something new and interesting literally everywhere you go, but you have to be sharp enough to see it, appreciate it and learn something new because of it. Doing the same old thing living decades on end in one spot is comforting to some but dreadfully stifling to others.
Lots of place to go and visit. Have you ever been to Frankenmuth,Michigan. Just 7 mile southeast of Saginaw. You can gain 10 pounds over a weekend. Also world’s largest Christmas store.
https://www.frankenmuth.org/dining/ Also worlds large
https://www.frankenmuth.org/dining/world-famous-chicken/
https://www.bronners.com/
I know many people do the shores of western michigan, but I’ll forever be a Wisconsin house lake culture woman.
You’re a woman? Holy crap. Live is full of surprises. Actually, I really commend you for your comments here. Huge in number, but rarely repetitive, and usually backed up by facts. I don’t always agree with you, but you’ve been great.
I wouldn’t believe that Mark. Debtsor has talked about his wife in the past as well as discussed disowning his own son if he became gay.
Then again, maybe he transitioned and is just a self-hating lgbtq+ member.
It’s pretty universally believed that downstate IL sucks. Not a desirable place to live these days. That’s where much of the state’s hollowing out is coming from. It’s like this is many rural areas, but its usually red states. Springfield punishes our rural because they’re white Republicans. They hate them, they hate, they want all of them dead or gone.
They vote for the wrong party, so they get punished by Springfield. It’s that simple.
What one person values another may not. What’s paradise to one sometimes is quite the opposite to another. Beauty is in the eye of the beholder.