-- 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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Do the juveniles at Crain’s even know what ‘stealth’ means? Do they fish? Do they know what a lure is?
The campaign to lure businesses away from Illinois is operated by the Illinois Democrat Party with some aid and abetting from the so-called loyal opposition. The campaign is hardly one of stealth. It’s quite overt, their every pronouncement and policy designed to antagonize business owners and taxpayers, as well as the sane.
What do the other states have to do to look better than Illinois? Observe what JB the Hutt and his henchmen do and simply do the opposite.
That’s a guest op-ed not theirs.
They are creating a progressive utopia. Sometimes you have to crack a few eggs to make an omelette. There’s always going to be a lot of hiccups and setbacks along the way. Just ask Venezuela or South Africa.
Yeah Crains, it’s airline routes, not out of control Democrat union extortion rackets, high taxes, antibusiness legal framework, sky high worker comp rates, rampant corruption, crime….
Crains, the only business journal carrying the water for socialist Marxists.
Chairman Mao blamed sparrows for eating seeds when crops wouldn’t grow after disastrous commie agricultural reforms. Is blaming airline routes for a failing business environment really all that different?
Don’t need a stealth campaign. Corporate tax rates and no consequence crime are out there for everyone to see.
Chicago Is Losing Business Because Of Rules Governing DC Airport — REALLY? — Try Blaming The High Tax, High Regulation, Business Hostile Climate Created By Illinois Democrats