-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The truth is that the state leadership wants the population decline. It’s not Democrat voters leaving. They love our progressive utopia, with dystopian mobile abortion clinics roaming everywhere, LGBTQ sex education to 4th graders, legalized marijuana, gambling virtually everywhere, lots of poverty and poor people leeching off the government. It’s the Republicans and conservatives who subscribe to natural values, of family, thrift, hard work and capitalism, the middle class, they are leaving the state. Middle Class republican voters are obstacles to progressive ideas like Reparations, progressive taxes, free abortions for everyone, free medicaid and free lunches for everyone. The sooner… Read more »
I am one of those who left this month. It is the best decision I have made in years. I already feel like I can breath and it is nice to be around normal people again. More of our six figure income for us. Best thing ever was seeing the “Welcome to Chicago Mayor Lori Lightfoot” sign in my rearview mirror!
I left this year. It’s been a good decision so far.
People are leaving Illinois because they are smart.
It has been going down so fast since Jag boy took on the “roll” of governor.