-- 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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I believe this article is wrong. Gotion has not started to build a plant in Michigan because of the battle there to stop it.
IL citizens must stop CCP companies from opening in IL. I don’t care if Pritzker and the Democrats want these companies. Chinese companies are not good for IL citizens. It will be hard to fight with JBs billions. Maybe Pritzker and Democrats could recruit American companies?
It’s unfortunate but American companies will not come here. The taxes being what they are and with Illinois tax history being what it is they could be taxed more heavily in the future