-- 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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Isn’t this exactly what Donald Trump is trying to do? Get foreign manufacturers to build plants in the U.S. to provide more manufacturing jobs to Americans?
Put the plant near one of Pritzker’s mansions. This plant should be stopped. But the only businesses JB can get are CCP businesses
Many of the people who rallied against the plant will be working there. Good jobs in Illinois are hard to find. It is almost impossible to find a public sector job as everyone is waiting in line to get them.
Lots of tax dollars will come to Illinois because of this plant.
Even China doesn’t want this environmental nightmare in their county, so bribe JB and place it in Illinois. Can’t say what I wish would happen to this plant.
China has trashed their environment to the point that solar panels won’t work in their smoggy, dirty cities. It’s time to do so in America with the help of complicit, money hungry politicians they reason.