-- 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
https://nypost.com/2024/11/01/opinion/immigrants-already-tip-scales-of-us-elections-without-even-voting/
Illegals helping the blue states due to being counted in the census.
I will be somewhat counterargument to this idea, although I hope I am wrong. Many people left California in the late 70’s and the 1980’s. Many went to Oregon and Washington. California was obviously going downhill even back then. But many of these people were the same ones who had voted for the Left. Did they learn their lesson and change? NO! They just brought their Leftist agenda to states like Oregon and Washington, making those states even further to the Left. Most Leftists can not learn. They do not have the intelligence. And intelligence is not just academic degrees.… Read more »
Today, those leaving California today tend to be very conservative, and they move places and make them redder. California has more Republicans than any other state, but, they are outnumbered by Democrats 2 to 1. So people think that all Californians are Democrats. They get a bad rap because there are 33,000,000 of them, and when they leave California with their sweet sweet home equity money after selling their homes, they really distort the local housing markets. For example, Utah only has 3.4 million people, barely more than half of all of Cook County, so it only takes 10,000 or… Read more »
Hope you are correct!
Pritzker made Illinois the child sex trafficking capital of the Midwest with government paid, no parental notice abortions. Win some lose some.
I’m not too worried that those leaving IL are lefties that could dilute red states. Out of the over a dozen people I know who have left IL, all moved to red states and will stay red. Democrats I know in IL still cling to the Pritzker manifesto that IL is a great state. So, IL loses population, turns more blue, loses electoral votes, loses big bucks according to the IRS, and loses clout in Congress, and has big budget problems, state and local. Those who left are very politically aware and won’t allow similar issues in their new states.
Lefties are also moving to blue states, probably contributing to the point of this column. Also, there may be far more political reshuffling going on than is shown by the net migration numbers on exits from blue states. Even a state with flat, net numbers might be having the political makeup of its voters changing. We need better research on this badly.