-- 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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The rate of exodus from these deep-blue states would be much greater if not for family ties; in my case, grandchildren. I guess there are, in Illinois alone, millions more like me who would leave if not for significantly upsetting family life.
I commented previously on the threshold of pain. As IL continues to enact more taxpayer-unfriendly policies, we can either raise our threshold of pain or leave. It’s not healthy (mentally, psychologically, etc.) to raise your threshold of pain except, perhaps, to tweak it.
Pritzker is backfilling many who leave with immigrants, transvestites, Medicaid and welfare seekers, abortionists and others seeking to obtain Illinois’ very liberal social welfare programs. I assume that the individuals that leave are predominantly workers that have had enough of high taxes and poor services that don’t fit the general description of Illinois Democrat voters. The new arrivals however cling to, and vote for, the Democrats as their perceived provider of the assorted taxpayer provider benefits they survive on. It’s almost like gerrymandering from within. You see these costs in your tax bills but its it enough so more is… Read more »
CARNIVAL BARKERS!!!!!!
I’m sure you can find a black Friday sale on a new keyboard since your caps lock key seems to be stuck.
Illinois is not going to change. Not a thing changed in this last election, despite Trump’s coattails. The dems have it locked down tight. They run it and they own it and have for my entire lifetime. They own you, but most of you are too dumb to realize it. If you don’t like it, you have 2 options: 1. Revolt and take your state back or 2: Leave. Clearly, leaving is easier and less risky than a revolt, especially with the vast majority of your fellow citizens enjoying their slavery. So if you stay for whatever reason, you need… Read more »
The only way to win back the state is to flip Democrats to Republican. There’s some evidence that this happened in the country, but only in certain minority communities, and only for Trump. Several Republican senators lost their races because several hundred thousand mythical and elusive low propensity voters showed up in swing states, and voted Republican at the top for Trump, but then voted Democrats all the way down the ticket. Outside of this, some hispanics did this, black men voted for Trump, and orthodox. But other than that, there’s very little evidence that Suburban Suzie who cares only… Read more »
“So if you stay for whatever reason, you need to resign yourself to whatever misery your masters heap on you”
Axis Sally and Lord Haw Haw have entered the chat…. not to imply that leaving Illinois is equivalent to treason (I don’t blame anyone for doing so, it’s their choice) but to point out that propangandists trying to convince people their cause is hopeless and they should just give up is nothing new.
It’s not a hopeless cause. It’s called regrouping. It only takes several hundred thousand Illinois Republicans to move to swing states to turn them red forever. We could control the senate for generations too. Democrats miraculously hold 10!! of the 14 senate seats in swing states, all of which were won by the slimmest of margins (NV, WI, GA, AZ etc). We have 53 seats now and in theory we could have 63 if there were just a few more Illinois Republicans in these swing states (here’s looking at you, Wisconsin!). Illinois is a lost cause, it’s a waste of… Read more »