-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
He is only correct if he means illegal businesses. You know, the ones that don’t pay taxes. They are the only ones thriving. I hear they own downtown Chicago, and they got it for free.
Crains, when you can’t find enough Taradiddle! Crains spouts as everyone exits the city like they’re being chased by a dragon! Credit Bill Fields, Marshals cousin.
This guy should stop sniffing airplane glue. That’s the only explanation for his claim that Illinois is an attractive destination for businesses.
Crains is possibly the worst source of business “news” out there. It’s just paid propaganda for the DEI / ESG mega-corps. They are anti-free markets, anti-free enterprise, anti-freedom and anti-truth
This clueless hack has not had a single good idea to promote Chicago
Keep telling yourself that lie.