-- 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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Best day of my life was the day I moved out of Illinois and started to become RICH.
Best day of your life will be the day you move out of Illinois. Call a mover today and get out as fast as you can. There is NO HOPE FOR ILLINOIS. DOA, goner, the greed of Cops, Firemen and Teachers has destroyed the quality of life for everyone else. They all move to Florida as soon as they get their HUGE PENSIONS.
We moved over a year a go,The burning dumpster fire that illinois is makes it truely the california of the midwest. Take the guns,kill the babys.,most illinois voters are all for this.You can tell that is true,Look at how they vote.So selfish they kill their next generation.We left and found out the real freedom is in the southern states.We are free and it feels great.Illinois is for to suck every dollar they can get from it serfs,you are a serf if you live in illinois to day.
They’re all degenerate scum. But there are a few good people still remaining in the state.