-- 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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He is both principled and stupid at the same time. He says socialism has failed miserably whenever it has been tried, which is true. He correctly points out that what is needed is less government–not more. He fails to understand though, that it is his DUTY to leave the state and punish the criminal entity called IL government buy denying it the drug of tax dollars that it so desires. IL is going to suffer unlike any other state when it can no longer pay it’s debt to establish that bad behavior will not be rewarded. The only glimmer of… Read more »
Exactly. By staying he supports the political leadership with his business and personal taxes. Actually, anyone who stays is telling the political leadership “Take what’s left.” A combination of liberals, socialists and unions will naturally oblige. Sort of make you wonder who the real fools are, those who use the system for their own greed or those that stay in a place where they know they will be victims.
His 8 year old had the right idea.
Griffin is a moron. He might be a billionaire but he can’t keep a personal relationship if his life depended on it. His wife left him and now he’s subjecting his daughter to an urban environment. At at 8 years old even she is smart enough to recognize how messed up her situation is. Dad sends her to school on the west side while all upper class mates live on the north shore. his own daughter will eventually hate him too. But at least he’s got a billion dollars. I hear you can spend your money in the after life,… Read more »
Most people don’t have an armed security detail take their daughter to school every day.
Article says kids go to south side school , probably lab where Obama kids and many of the elite kids educate. … they certainly will never attend any public schools … anyway he’s going to NY , these guys , just like Dalio are just head faking , they know their targets,,, and everyone and I mean everyone knows that our newly elected political class will be more incompetent than all the past politicians combined . Run for the boarder , I know I am . Freedom in approx 3-4 months of divestment. See ya wouldnt want to be ya!