-- 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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So Cat sent a major message?
What message did Kelloggs just send about Illinois?
Illinois elected official: “That means it’s working!”
Elected officials don’t have the faintest idea what it takes to physically move a company. That task is not undertaken lightly. It speaks volumes about the company’s assessment of the future. Politicians don’t understand that companies do not base decisions on abortion rights.
They don’t care. Keeping IL corporations is not a priority. Fighting the culture war is the priority, that appears to be what the voters in IL want.
Illinois’ crooked unions are the main reason why companies leave/avoid Illinois
Simple answer. NO!