-- 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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Taxpayers do not want to move to IL. Only people moving here are people with their hands out fo freebies.
Hmm, with the exception of Iowa, all of the states which border IL have seen net domestic migration.
Florida has gotten expensive, only public sector pension people can afford it. Still lots of people flowing in, hopefully PPF & James stay in Illinois.
Prices in Florida are dropping. A couple more hurricane seasons and it will be tough to get property insurance just like California with wildfires. A lot of recent home buyers will be looking at negative equity soon enough. Look out below.
NYC mayor’s race could send people fleeing to Florida, DeSantis and Boca mayor predict
Pritzker says this is all just a lie started by PDJT.
U Haul and now Newsweek must be “ carnival barkers “. Facts hurt Guttman’s feelings.