-- 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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fewer jobs in IL, except, of course, for public sector jobs … not unusual for a blue state
With the political leadership and tax rates in Illinois is it any wonder that this is happening?
not a problem: the Gen Ass will just raise taxes to cover the revenue lost from population decline.
Crain’s doesn’t disappoint in its bias, largely laying the decline of Illinois at DJT’s feet. Where have they been the past 20 years with imprisoned governors, illegals and pension grifters impacting the economy?
Kissing Obama and Pritzker’s Tukis, that’s where. Crains has been irrelevant since the late 90s.
Illinois is just not worth living in anymore
Illinois is the joke of surrounding states.
we lose population and businesses to them
have village idiots for mayors and a mindless
primitive for governor.
This will not end well.
Even a blind man can see this. Illinois is constantly discouraging businesses. They say one thing but do another. Politicians are not worth a schitt and only work for the public sector unions.
“Still…could be worse.” – Jeremy Clarkson When even Moody’s abandons its position as ombudsman for Illinois political animal fiscal malmanagement you know it’s bad. The very idea of blind-as-a-bat Moody’s daring to even breach this subject is a terrifying indication that all is not well in JB the Hutt’s destitute and lawless socialist paradise. When Moody’s speaks even a hint of the financial latrine that Illinois’ political animals have rendered our state, you know Illinois’ stern has lifted and bow is plunging under the sea. The political animals are so desperate to keep swiping Illinois’ credit card they’re now talking… Read more »