-- Connecting the dots between our economy, government and business --
It could have been worse: some predictions called for Illinois to lose two seats in the U.S. House of Representatives. Illinois has been losing seats since it peaked at 27 seats before 1943.
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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It needs to be 2 seats for 2030.
Anyone that stays in Illinois enables the corrupt government
Must admit Pritzker through me a curve ball – He blamed kids going to college out of state for the population loss the last 10 years!!!
Pritzker and the Leftist Democrats that run Illinois from top to bottom certainly have no shame!!!