-- 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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It only took 6 years
Speaking of farms. Whats really not fair is an Illinois estate tax exclusion capped at 4 million.
Nice segue. And I agree.
It’s interesting that Pritzger ignores the same issues with Com Ed that he has with State Farm. Then again, SF isn’t in the “ green “ club.
Few feel sympathy for insurance companies, but JB picking a fight with the country’s largest insurer, who just so happens to be headquartered in our state, is idiotic. There’s no stupider policy decision than to argue in public with the country’s largest insurer headquartered in Bloomington, IL, and can leave with a moments notice. But that’s what people like JB do, they throw around their weight, thinking they are big shots, angering our state’s most important employers, out of pure spite, just because he can. and when they leave the state, and Bloomington turns into the next Decatur, we can… Read more »