-- 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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Trump called the Foxconn development “The eighth wonder of the world”. This should be a cautionary tale that government is very bad a picking winners and losers in the marketplace and should refrain from favoring one business over another.
The Sun Times needs Wisconsin for their feigned environmental concern. Chicago sends their sewage to the Gulf of Mexico, mostly untreated. Drive along the Sanitary canal along 55. The bouquet is unmistakable. Bubbly Creek? That’s OK too. Thanks for keeping everyone informed.
Interesting considering humans have lived here for centuries with pretty much the same sources of foodstocks. So now just when is this environmental collapse going to happen?
Why are you so concerned about the “human future” when you all seem to despise humans?
How about that Motorola factory in Harvard? The AT&T palace north of 90 in South Barrington? Corporate boondoggles structured for stealing. Follow the money.
Jeez, content creators (formerly called journalists) are the worst. The piece makes the people of WI out to be the bad people. Not the Chinese corporation than conned WI into all of these concessions and then abandoned the project. In fact, the word ‘China’ is not once mentioned in this content creator’s (formerly called journalist’s) piece.
Enemy of the people they are, taking China’s side in the disastrous FoxConn deal.
Content Creators is the Cub Scout version before the big leagues where you attained the exalted title of Influencer. They were mostly recognized as the class snitch.
Then there’s Illinois, the least friendly state in terms of taxes, that has over $500B in unfunded pension and benefits. I’ll take Wisconsin and their $1B problem any day.