-- 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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Illinois and Chicago are screwd!
The census results are so inaccurate it is ridiculous. There was such an emphasis to count any person they could in Cook County in the 2020 census that comparison to 2010 is meaningless. JB gamed the system, just like he did when he ripped out his toilets to evade real estate taxes. The whole thing is a joke.
The strong parts of the state are growing. Rockford, Aurora, Springfield and Peoria all declining. All of these places are more affordable than Chicago, yet they declined while Chicago increased. Apparently the economic center of the state is doing just fine and it’s the hillbilly areas that need to address their population loss.
Fake poster using my name Please remove this Isnt the first time this has happened
only dif is upper-case/lower case D…beware us all!
Central American transplants. Free everything.