-- 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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What in the world is this guy smoking?
Lol, this bloviating reminds me of the old Soviet Union boasting c.1983 that they were “world leaders” in pig iron, sausage, and cement production – when the advanced Western industrial world was moving towards microchips, robotics, bio – engineering, and other advanced technologies…
Once again, liars figure and figures lie
Wait, what?
Intersect Illinois is yet another overstaffed NGO trying to market Illinois to businesses. Under their non-profit tutelage, businesses have sought profit anywhere but Illinois. Illinois is, in fact, a national leader (where have we heard that marketing term before?) in business and population outmigration.
Illinois is dead to business. JB the Hutt and his many layers of bureaucracy, regulations, taxes and fees scare businesses away. Intersect Illinois is forced into pimping a turd.
Illinois…
Where businesses go to die…
This is same way Trump talks, nothing but lies, lies, and more lies.
Hmm.. promises of closing the border and the removal of illegal criminals. Promise kept. Promise to root out wasteful programs and fire workers hired by Joe Biden et al to give the illusion of a resurgence in employment. Promise kept. Promise to quit letting trade partners wipe their feet on us. Promise kept. Everything promised has yet to come to pass, but Trumps track record is much better than that of a doddering old man that could only stay awake and on the job for a few hours at a clip while his progressive cabinet ran America into the ground.
Your TDS filter in your head is what is lying to you. Seek information away from the subversive leftist media and your eyes might be opened.
The linked Crain’s article links in turn to an issue of Site Selection magazine, which highlights Texas and South Dakota as winners of the “Governors’ Cup.” It does contain tables showing Illinois and Chicago metro as high ranking in terms of number of projects, but I did not see any indication of size of projects or exactly what qualifies as a “project.” The writer of the Crain’s article chairs Intersect Illinois, which “collaborates with industry, academic and government partners to position Illinois as the premier global business destination.” I see no indication on their web site regarding how they are… Read more »
Far worse than nutty, this is denial pure and simple.