-- 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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Is Wirepoints ever going stop and admit that their move out awareness campaign is a complete failure, wastes resources and actually benefits opposition? Complex government accounting criticisms and statistical irregularities don’t motivate people to take action.
I’ve been watching opportunists in the comment sections agitate readers and basically dunk on everyone for years. It’s doing tremendous damage and severely undermines the integrity of this organization.
The public needs cohesive suggestions and winning examples to make informed decisions.
Gotta be fake news!! Pritzger said people are flocking to Illinois , only problem is they are the non tax paying illegals
With this jerkoffs tax friendly rates why would anyone leave?
Nary a deep blue state on the list. Hmm.., somethings up despite denials by the likes of JB.
The people moving to Illinois don’t rent U-Hauls because the leave their home countries with nothing more than than a backpack and the clothes on their back, then show up here looking for handouts.