-- 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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CARNIVAL BARKERS!!!!! SILENCE THEM!!
Usually, there is some kind of flaws in statistics, such as cherry picking favorable stats and ignoring unfavorable stats. But the IRS data seems pretty undeniable-number and location of filers and the AGI of those who left. Unless a whole lot of people are filing false returns. I still have to see Pritzker or any IL Democrat finding flaws in this data. They totally ignore it and cite their own seat of their pants theories.
FACTS ARE FACTS. JUST GOES TO SHOW IF YOU KEEP TELLING SAME LIES YOU BELIEVE THEY ARE FACTS
Ken Griffin left and could not be happier. Let PPF and company have the state of Illinois. The CME is looking around right now. Sooner or later they will be gone.
Governor Carnival Barker says there’s nothing to see here, just move along. Everything in Illinois is great!
Hmm, just ask Ken Griffen.
Good thing we got him to leave, who needs his taxes anyway.
The Marxists only look at Ken Griffin leaving as one less vote for their opponent. They don’t care about the tax money that’s gone as long as there’s enough money left for them to continue to have a no-work job.
The Marxists would rather rule over a barren wasteland than a successful city as long as they can continue their grift.