-- 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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“I think that we as a state, as a government should look at more business-friendly policies to support small businesses so that they can hire more people, pay higher wages,”
In your Dreams, the State does the exact opposite and will raise taxes higher and higher. The Rich job creators are leaving the state in larger numbers every year as a result of these policies.
No mention of how much of the increase is due to the illegal economic migrants? Maybe all of it, or more? I am sure food is cheaper in their home country, with no minimum / prevailing wage requirements, government license fees, etc.