-- 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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Who in their right mind would venture there? Vacationer, resident, business, trade show…sorry I’d skip it.
Dictator for Life Jabba doesn’t even want to visit Springfield or anywhere in Illinois. He prefers Florida or Wisconsin. Daley has a house in Michigan. Nobody is coming to the high tax sewer called Illinois
Sorry, Illinois, but my family road trip, if there is one, will be to WI or MI. No way I’m driving a few hours just to stay in state.
This is funny, road trips all headed OUT OF STATE, not within the state, no one will be visiting Springfield, or anywhere in IL, until their are fully opened res truants and no masks! And probably not for a while afterwards either.
Who would want to visit Springfield during the summer, virus or no virus. And as someone who was planning a family trip to NYC this summer, let me say spending lots of money to travel to large cities for a diminished experience makes no sense. We’ll go next year.