-- 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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I relocated my business to Florida year ago and commute back and forth. My final destination is actually Tennessee, but i am waiting until TN completes its tax phaseout on unearned income.after 2020. The fear is the damn liberals who have left IL are going to infect TN as they did Florida. I note Nashville is a target, it is one of the more liberal areas in TN and getting more so with these transplants. At least when the liberals stayed in IL the contagion was contained.