-- 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 is how you leverage negotiations when your government representatives are just too dumb to understand they need to take business concerns seriously.
Translation…go ahead Brandon, try and impose a city tax on trades.
I hope Zippy reads this article. Go ahead and
Try to place a financial transaction tax on
Trades at the CME. The CME trips some remote switches and BINGO, bye bye Zippy.
If they’re partnering with Google I would imagine that makes it even easier to switch to another data center. Pritzker said he won’t allow it but what about the next governor.