-- 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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In the future it’ll be even smaller and be called Democratic Socialist. In practice it’ll be communist.
From a major player state to a piss ant state in 30 years. Greedy government workers are sending the population fleeing to other states. This is only going to get worse. The pension time bomb is going off right now and is going to cause a mass exodus. No one can afford the huge pension costs; this is totally unsustainable.
Remember when IL had enough electoral votes to determine the Kennedy/Nixon election? Sixty years ago and six less electoral votes later. Now pollsters ask, which way FL? Or OH? Or WI? Candidates don’t even campaign in IL unless to raise donor money.
I do and to add it was Kennedy that signed into law that the public service workers could unionize bringing us to where we are today regarding public service employees. We now see proof of the predictions made that it was a bad move on Kennedy’s part…think what tomorrow will bring.
IL almost lost two seats in the 2020 census. The way residents are leaving IL, by 2030, it will lose two seats. The fewer seats, the less clout and less ability to get federal $$. The IL Democrats in the House will be in the minority and several of them are first termers, which means little seniority on committees. IL becoming nationally irrelevant. Meanwhile, my new state has gained a seat for the last four census, becoming more relevant.
Thanks To Corrupt Crooked Democrat Gerrymandering, Illinois Sends Smaller, More Democratic Congressional Delegation To Washington
The word ‘gerrymander’ only appeared once in the entire article, and in a glowing context too:
“In a way, Illinois Democrats ensured a different congressional makeup with their creative cartography skills, passing a gerrymandered map last year that created districts giving the party influence disproportionate to its vote share.”
Muh Democracy
Most importantly, what’s the racial makeup of the Democrats sent to Washington?