-- 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 must be some bad joke.
Maybe for the kids that aren’t butchered in the womb
11th in affordability. Maybe that’s why so many stay in Illinois even with the high taxes. It’s almost like there are multiple factors that dictate where someone wants to live and it’s not just based on red or blue.
Indiana at 34th overall even with their low taxes. That checks out. What a dump.
PPF, this ranking has some very serious credibility problems. Connecticut and Mass are #1 and #2 for affordability, with New Jersey at #3? Then they start pushing Biden’s family and childcare plan? That being said, you are correct that some people stay here because there are multiple factors. As I’ve repeatedly said, IL is a great place financially for upper middle class families. Salaries are similar to the coasts, and jobs are plentiful (for now) while housing prices are half maybe even 1/3rd of other areas. The schools in UMC areas are generally very good because the real estate tax… Read more »
“this ranking has some very serious credibility problems.” Yes we know. Any ranking that doesn’t meet your pre-determined end point has credibility issues. There were 51 metrics used with various weighting for each. Let us know how they should have weighed each. I don’t agree with all of their assigned weights but that doesn’t mean it has credibility issues. Just means they value different things than me. I’m sure your assigned weights would be heavy on transgender issues. Others, not so much. “housing prices are half maybe even 1/3rd of other areas” Maybe those housing prices contribute to Illinois’ great… Read more »
#2 in best place to trans a kid too.