-- 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, I don’t think they’re loving it………
If McDonald’s wants to survive, it needs to leave crooked corrupt union racketeer controlled Illinois — with its insane taxes, regulations and business hostile climate — and move to a GOP state where it can thrive
I call these past two years of brandon’s regime the ‘quiet’ recession, as the economy has been stalling out like a jalopy with bad spark plugs, and no one wants to admit that low growth is being masked by high inflation.