-- 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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Pritzker and the Democratic Party of Illinois has a problem. For businesses to come to Illinois it need reasonable taxes, and educated workforce, a safe environment and a good standard of living.
But to stay in power, the Democratic Party needs an uneducated voting bloc, a corrupt power base and lots of money to give to unions so they keep them in power.
We all know the decision they made.
Hmm.. high taxes on businesses, mandatory hires of the less qualified, rampant crime for employees, high cost of living through myriad taxes on said employees.. nope, I just can’t imagine why businesses aren’t flocking to IL. Beats me.
Why isn’t it, Democrats and unions greedy group of politicians and individuals.
The Public Sector has put a huge weight on the back of all businesses and workers that makes it impossible to compete in the open market.
Notable that the Tribune editorial and commentary side is far more balanced than its news side, and the editorials are vastly improved in recent months. A bit of evidence is the Wirepoints cite herein. The news side essentially boycotts us, no matter how newsworthy much of our research is.