-- 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 the biggest plumbing issue facing Illinois?
Illinois circling the drain might be something to be looked at, but the Illinois Political Class looks into only one thing: “Where’s mine?”
If you can do the job with an e-How video, there is no need for mindless regulations that only benefit crooked unions/insider trolls.
Illinois doing its best to discourage business and raise costs to the poor honest taxpayer. The only way to avoid it is to leave. So sad, they have killed Illinois and now are beating a dead body. Government SUXS.
This is a great example of heavy handed union influence in Illinois. Most landscapers are non-union. You don’t need any special skill to install an outdoor sprinkler system. It is basically plastic pipe in the ground with simple sprinkler heads on a timer. The Plumbers Union has been after these non-union landscapers for years. Now, they think they have their toadies locked in in state government and can get a piece of the landscaping business. If this power play works, a lot of other industries where the unions haven’t had a toehold yet better watch out. And of course who… Read more »
File this with other solutions to non-existent problems.