-- 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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Hmm, more illegals will get us out of this jam….
Pritzker, Crains Chicago, Brandon and all the rest will continue to deny and ridicule people who know better. The future will continue
To degrade in Illinois until the critical tipping point is hit, we are close.
Once reached no matter how much screaming about racism, carnival barkers,
Or other names we are called. The economic
Breach will force defalt, checkmate!
“You should take what I’m saying as truth that actually when we count people, it turns out we’re gaining,” Pritzker said. Right, the way you count people is the same way you count votes.
IL can always let in more migrants to at least partially offset the population loss. To offset the lost tax revenue, IL can always lure companies to move here by giving them massive taxpayer-funded subsidies. Of course, in either case, it’s bad news for the IL citizen/resident.
You can thank this goofy gov. for this ruining of the state…….who voted for this guy??
The tax act passed during the Trump administration that limited the Federal tax deduction for state taxes paid to $10,000 was a wake up call to high earners. That affected over 3000 people in Cook county alone. It forced successful people in spendthrift states like Illinois to finally realize the true cost of the services they were getting as compared to other places.
Yes, as I’ve been saying, conservatives – roughly half the country – are revulsed by Illinois’s politics. They want nothing to do with it. They’ll never in a million years consider moving here. Even the younger ones, looking to attend college or college grads – they’re bypassing Chicago altogether for other cities and states – even if they are blue cities in red states – and not even considering Chicago. We attract the HR cat lady types, who seem to relocate here in droves, based upon the resumes my job and my partner’s employer sees. It’s really bad. There’s zero… Read more »
Illinois also attracts the many virtuous thinking women wanting to make their mark in the fast growing industry of dei.
A true must-read on that is what Carville said about Dems being “too feminine” with “too many preachy women.” What’s interesting is that he’s the only person in the Dem party with the stature who can get away with saying without being excommunicated. No Republican would dare say it. https://sg.news.yahoo.com/james-carville-says-democrats-losing-183036438.html. Within the migration numbers, you are probably right. They are coming to IL and similar and not, for example, Idaho or TX.
I found some stats like a year ago that said IL attracts both highly educated college grads seeking professional jobs and low-wage (illegal) immigrants and no other demographics in between. There’s very little just middle class normie folks relocating to Illinois for a better life. This basically describes my 5 mile radius in Cook County. In the the next town over, the local schools are overrun with immigrants and illegal immigrants. This was a formerly working class community that is now raising a new generation of poor free lunch kids who can’t read or do math. As I like to… Read more »
Living in an upscale Cook County suburb works well for those who can afford it. Huge home prices and huge PTs are what you pay for keeping out the riff raff. But, to paraphrase your comment, how long can you hold your finger in the dam? The cracks are getting bigger, and IL won’t spend the money to fix the dam.