-- 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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Democrats or communists. What’s the difference?
So, what lots of businesspeople in all countries kiss governments rear end. That is the cost of doing business anywhere in the world. Like businessmen do not kiss Biden or Trump?
Illinois is more socialist than many countries of the world.
Not to dangerous adversaries like China.
If you do not like China (your choice) do not buy products made in China or with parts made in China. China is the manufacturing powerhouse of the world. China spends far less per student on education than Illinois and get far better results.
The most dangerous adversary Illinois has is the Public Sector Unions.
Finally somebody else said it………..THANK YOU