-- 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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This sounds like a warning, but Dictator Jabba takes it as encouragement
In some respects there may be a dark silver lining here – Greatest number of BK’s to occur in blue states that won’t reopen like Illinois. Evolution of the economy to further weaken blue states, with people and business migrating to better run states – it will be a harsh transition though but in the end America will be stronger for it.
Question to every person remotely thinking of opening a business in Illinois – Why!? Why would you open a business in a state where the Governor feels empowered to arbitrarily shut you down!?
This is just what HE and all the Blue state dems and governors want.
Forget the fact that they work for US.!!!
Hey Jabba…