-- 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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No one seems to like them, but soon when they are open, and you need a good job you will be applying there. Private sector jobs and taxpaying companies are needed badly by Illinois. Do not look a gift horse in the mouth.
So.. we couldn’t get a South Korean or Japanese country to do business with and shovel taxpayers money to without being asked? Both are more trustworthy than a country that publicly stated their mission is to control the entire world. I’m sure that there were safer alternatives to doing business with China.
As we have seen with the USX deal Biden blocked the Japanese investing here
Considerable ado these days regarding Nippon Steel buying US Steel. Even Biden jumped in to ban the transaction. So now we see a Chinese company buying land here in the USA Heartland? How Pritzker can allow a Chinese company to buy USA land while the leader of his own party blocks the Japanese from buying one of our steel companies is beyond me. Japan is one of our allies; the Chinese not so sure of. A decent press would nail Pritzker to the wall on this but my guess it will be ignored…the US press these days : (
Kick Gotion out of the state.
And the politicians, city officials and unions that enable and encourage them, all in an effort to get back our money ( which will take decades) that we shouldn’t be giving them in the first place.
WE aren’t giving it to them
Governor WIDE-LOAD is giving it to them