-- 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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For good reason. Illinois has been harmed big time by the Public Sector Unions. Other states offer lower taxes and better climates for business and jobs and weather.
If 60% of IL moves were outbound according to United Van Lines, how are the inbounds getting there? Busses, courtesy of Texas, full of illegals with only the clothes on their backs. Useful additions to IL population. Vans filled with personal property leaving, busses filled with illegals coming in.