-- 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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Does La Shawn not realize that all they need to do to attract legal residents is reverse every policy and law that has been enacted by Pritzker and Company since Jabba took office? Can he really be that stupid? You know, like doubling the gas tax and fees, letting prisoners and thugs roam free and locking an entire state down and killing small businesses. Another clown in the circus.
The irony is that most Democrat legislators believe it’s a good thing that deplorables are leaving the state. They believe IL is a better place without you here. And thank goodness we live in a large country with open borders between states. If we were a small, landlocked country, with closed borders, they’d do things far, far worse to us, as many vindictive tyrants have done to minority populations throughout history.