-- 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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I hope everyone gets the point of the artwork shown in this article. Only a true Chicagoan will.
Ketchup on hot dog – you are a monster
If Johnson is elected, the current steady stream of businesses, job creators leaving Chicago will become a tsunami of companies fleeing tax hikes and regulations that make profit impossible.
Run for the economic life of you and your family.
Your children will thank you for generations.