-- 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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Well we seem to be attracting plenty of Brown “talent.”
Until the policies that drive talent out of the state change, nothing will happen. As stated below, it’s not a case of needing to attract black or White talent, it’s a case of needing to quit woke politics that incentivize talent to leave.
Crains Chicago should state the obvious: Chicago needs to attract more talent, regardless of skin color. Cancelled my Crains subscription during Covid. Crains is now just another “woke” screed, honking away at progressive talking-points with little basic understanding of financial and economic outcomes of such Marxist policies, and with little to no remaining credibility as a neutral business journalism magazine.
They certainly got it right about blacks fleeing, but what what a joke when they say that how to fix it is a subject for another day. Abandon all the radically left policies that are pushing people, including blacks, to red states. That’s how you fix it.