-- 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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Why isn’t Putzgers picture up there behind a podium with that big smile ?
Smart move on their part. Illinois strikes out again. Things are only getting worse in the state of decline. The smart young people are moving to other states; the others live in their parents’ basement and play video games and smoke legal pot.
American companies leaving IL. Only companies coming are CCP companies.
On Wisconsin. What’s not to like about beer and brats?
But Pritzker says IL is gaining another 50 jobs with Pure Lithium. Don’t tell Pure Lithium about WI and IN for businesses.