-- 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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Allstate will soon be called Out of State. No business should want to be in Illinois. Greedy government employees have destroyed the private sector and the public sector. Unions are run by thugs and work for cops, teachers and firemen, not the public. Public enemy number 1 is the private sector hard working family man.
Democrat Run Chicago And Suburbs Think High Taxes, Business Hostile Regulation, Rigged Courts, Political Corruption, Union Racketeering, Bad Schools, Fiscal Crises, Left Wing Marxism, And Taxpayer Funded Wholesale Infanticide Are Selling Points For New Businesses – Crain’s Chicago Business
Temporary headquarters, eh?