-- 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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Many black children in Illinois are growing up in single parent homes and attending bad schools. Fix those problems first and see what happens.
Over regulation and political corruptions are hallmarks of Illinois….and you wonder why black Americans trying to do business in Illinois have problems?
Absolutely and to add many blacks, like whites, flee the state to another State more hospitable to business and employment.
Billions of dollars have been spent trying elevate the black population into some sort of normalcy, all of that cash has been wasted. Sorry folks but nothing will change, simply a failure of genetics.
Judge individuals individually, not based on group characteristics. That simple rule should be beyond question.
Taxes and cost of living in this state eat away at middle class income more than almost any other state. That’s why there’s no money left to build wealth. It’s the same problem downstate and elsewhere. It’s only going to get worse, as old residents with paid off homes pass away, leave the wealth to their children who more than likely live out of state.
That can’t possibly be true here in the DEI capital of the Midwest and ruled by dems for several generations.