-- 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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Why is it racist for Trump to tell people who hate America to leave America, but ‘progressive’ when this goof tells us Illinoians to “love it or leave it!”? They hypocracy!
Big surprise coming from a guy who uses a giant up-close photo of himself and his douche goatee as the first thing on the page. jfc…
It’s not that people hate the state of Illinois. It’s the way the state is run by long time politicians. It is not being able to vote most of these out because many run unopposed/redistricted to their advantage/sham candidates to steal votes/never ending corruption plus a financial abyss. Even if you can bypass these obstacles we can not vote for the speaker of the house on a statewide ballot and any bill to be voted for by the legislators must pass the speakers standards. Illinois has many wonderful natural attributes/fertile land/abundant water and rivers/state parks. Ask yourselves if the political… Read more »
This. It’s the knowledge that our hands are tied, since most voters in this state seem to be clueless morons who will keep the trainwreck rolling along.
Yep, absolutely no reasons for Illinois residents to be upset. (/sarc) This guy is such a stroke.
Headline: Nomadic newspaper man with no school-aged children has wandered state to state his entire life and dares others to do the same.