-- 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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Another indictment of pure Democrat control. Some people are slow learners but eventually get it and leave. The problem is the ills of the big cities controlled by Dems eventually spread to the rest of the state. Look at California, which is increasingly driving out residents. Obviously Illinois, which has been ruled by corrupt Dems, has been a leader in this regard. Illinois will continue to fall down the list of populous states, and become increasingly marginalized in national importance.
Mark, One of the many former residents of Chicago is your favorite punching Bag. None other than Fred Klonsky who has moved on from Chicago to terrorize the Brooklyn neighborhood.
Yup.I think he went to AOC’s area. Think of it this way: He raised the average IQ of both Chicago and there.
Unless you must live there for some reason– like elderly family, a fixed business location, or a medical care need– why would you want to live in Cook County? The entire agenda of Cook County and the City of Chicago governments is pro union, anti-business, soft on crime, ignore education, high tax and stoke racial animosity. Whites are figuring it out. And now African Americans are starting to see their life styles aren’t improving, their kids are getting worthless high school diplomas, and crime is decimating their neighborhoods. You have access to all the great restaurants and shopping you need… Read more »
Illegal aliens!