-- 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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Jabba is 1/5 of the way in meeting his goal
Follow the money and it is heading to NO TAX STATES.
Lots of job opportunities in Southern States and Fun & Sun.
Illinois SUCKS, high taxes going higher, low quality state services going lower, Schitt Weather.
Get out while you can.
Selling a house will be like trying to get rid of herpes.
Just do not tell anyone you can from Illinois as they will think you are a moron.
It’s only going to get worse. I know plenty of middle manager corporate types that fully expect to lose their jobs in the next 2 to 3 months if IL continues to stay shut.
People will be leaving the state to look for work. People who have voted for Democrats are getting their snoot full.
We left Illinois in 2018. We proud to say we are part of the 2018 exodus. Because back then our property sold quite easily. I doubt any property is a bargain to buy in Illinois right now. We moved to a southern state – 10 acres and a large double-wide mobile home, well and spetic already installed and large metal garage big enough for a tractor. And TAXES for all this is $317. 10 acres is more than you ever need to walk around on and it keeps neighbors out of my face. It is hard to believe the stress… Read more »