"What do seem to be driving the differences in Americans getting back to work are state and local government policies...But debt repayment and public-employee retirement costs constrained states such as Connecticut, Illinois and New Jersey. They had trouble preventing business failures, providing additional tax breaks for cash-strapped businesses, and avoiding cuts in state and local government payrolls—all factors that hurt labor demand."
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Riverbender
4 years ago

And lets not forget the lawless activities on the street taking its toll on business as well. Along that line soon those liberal white housewives in the northern areas wont have the magnificant mile to shop at…and to think they asked for the situation by various slam the police activities.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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