-- 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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No, it doesn’t show that “Illinois lost more residents than any state so far this year.” It just shows that folks moving out of Illinois can afford to hire Allied Van Lines, whereas perhaps those moving in cannot (or don’t have enough stuff to hire movers).
Let’s look on the bright side. Illinois is gaining thousands of illegal aliens.
This is just the beginning of the mass exodus.
PPF and his friends have gamed the system and destroyed the quality of life for everyone else. No other choice than to leave for your own good and your family’s future benefit. Texas and Florida are growing like mad and cannot keep up with the housing demand.
They are pleased the deplorable carnival barking misery spelunkers are leaving. THEY have no place, and don’t belong, in a progressive utopia.
This is why IL Dems will need to start gouging the middle class next — because the millionaires/job creators/wealth generators are dumping Illinois