-- 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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Quality jobs means casinos and pot shops. All the vices. Brothels will be next. Meanwhile, “quality” jobs have moved out of state.
You lost me at “State Task Force”.
Here’s a link to the report. https://www2.illinois.gov/dceo/events/Furture%20of%20Work%20Force/FutureOfWorkTaskForceReport_FINAL.pdf
You can just skip to page four to see who’s on the task force and once you do you’ll realize that “quality jobs” just means union jobs.
Hard to get a quality company with quality jobs set up shop in a low quality state.