-- 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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Racial demographics are the real issue. More and more Hispanics and Asians, which generally vote around 70% for Democrats. Really is that simple. DEMS know this and want fewer Whites. The primary reason they want illegals is for that future voting base.
Of course everyone knows this.
We invite friends from IL down to our golf course in SC. They are always disbelieving at the low property taxes, cheap gas, low sales taxes, quality of restaurants and shopping, low income taxes and overall hospitality of the residents. They are also embarrassed at the pitying looks they get when they tell people they’re from IL. “Any more governors in jail?” IL is its own bubble and its residents can’t envision other states with low taxes, budget surpluses and limited crime and corruption.
Of course it has nothing to do with the mass media manipulation of the public.
LOL, how much did JB Pritzker and the IL Democrats pay US News to write this article? This is another one of those “If Republicans would just take Democrats’ advice, they’d be more competitive statewide”. Yeah, no thank you, we don’t need your advice. Illinois has changed because the people have changed. The natives are fleeing and are being replaced by foreign born residents who have transformed their neighborhoods into unrecognizable communities that resemble the third world. 40 years of controlling district gerrymandering – recognized as some of the worst in the nation – also contribute mightily to the decimation… Read more »
Long story short: Dems are moving from the nests they fouled with their progressive policies and, some with rent vouchers, etc. , are now doing the same in the ‘burbs.
Conservatives, be they independent or ‘republican’, are leaving IL. Many 20-30 somethings are also leaving IL to go to a good affordable college and/ or for a shot at owning a home in a safe neighborhood. Article was the usual anti-Trump/ anti-conservative silliness that tries to pass itself off as objective analysis. We’ll see what really happens to IL Democrats after PDJT is elected and the bailouts end.
A number of our friends moved out of IL and several more are planning to. Suburbanites. All vote Republican. They are disgusted with high property taxes, corruption, huge pension debt, Democrats gerrymandering, and see no hope for change. As IL population declines, only Democrats are left behind. That’s fine, they will pay the price for what they voted for, while the rest of us have a sigh of relief for getting out. Don’t want these Democrats in our new states anyway.