-- 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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I can’t think of a scenario where a business would consider moving to Illinois. What does Illinois have to offer anymore? It has deservedly gained a reputation as being unfriendly to business. Employees would resist the move to Illinois once they see the taxes and they would be scared if the company was moving to Chicago. Illinois has deteriorated so much that other states probably no longer consider Illinois as serious competition. Illinois is dying and yet many individuals reading this comment still won’t leave. Whatever. It’s their choice. It’s their funeral.
It’s the roads, we need to fix the roads. Remember that, they used to say no companies would move here because our roads were in poor shape. Good thing they passed the safe roads amendment. Once they fix the roads we’ll get all sorts of companies moving here.
The new roads will make it easier to leave.
Good bye Illinois! Keep voting democrat Illinois fools
Illinois, California, New York a real life example that Socialism/Communism doesn’t work.
Gov Pritzker, is Signode moving because the CEO is a college graduate? That must be the reason, right?
I think Signode moved to Elk Grove Village from Glenview and now Tampa. More interesting question will be Anixter, located in Glenview, now that they were taken over by WESCO. Anixter is $17 billion company