-- 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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Please don’t move west to CO and ruin this state either.
Hearing Puerto Rico is a great place to live if you don’t mind hurricanes and the power going out for 3 months a year.
Da Judge
Florida is getting a lot of the pensioners from the Blue States. They raped them and then move to the low tax states. They will destroy Florida as they have destroyed everything they touch. Ken Griffen is the happiest person since leaving Illinois.
I think a lot of the population in Florida is transplants. I work with a bunch of Boston ex pats and they are unable to pronounce the letter r. “I’m going out to my cah.” Incredibly annoying.
Pres. Kennedy had his share of that sort of accent, periodically naming Africer, Cuber and Latin Americer. I don’t recall it, but I wonder if he ever visited Arizoner or Florider. I also remember Ted Kennedy giving what was likely his last speech referring to Barack O’Bummer.