-- Connecting the dots between our economy, government and business --
How the Windy City takes its citizens’ vehicles.
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 suspect a lot of people don’t bother voting because they have been screwed by the government and neither political party cares or wants to fix these problems. People have just given up.
This is caused by public servants who think that the government is there to pay for themselves and their goals, not to serve the public. They treat it like their own business. It’s disgusting. Like me, there are probably millions of people who hate their government and the people that work for it, because it is there to hurt us, not to serve us. That is fundamentally un-American, and more like an attitude you would see in Soviet Russia. I would love to see my government as helpful and supportive, not as an evil, money-driven trap run by cold opportunists… Read more »
Truth. This state has been the most small business hostile place I’ve ever lived in. A guy I went to school with just lost his job the other day because the owners dipped out to Tenneesse with no warning. When my wife told me about it, my response was: “Not at all surprised, the way this state treats businesses.”