-- 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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“All data in this story is limited to moves conducted by United Van Lines” We know for a fact that UVL doesn’t capture TX Gov. Abbot’s buses, nor does it capture the tens of thousands of illegal immigrants packing into 2-3 families into one apartment in Palatine, Cicero, Prospect Heights, Rolling Meadows, Aurora, Carpentersville, Des Plaines, and soon, your town too. People are fleeing. And the new residents are showing up. It seems to be a nearly 1:1 ratio too as our region’s population has remained stagnant. While the former residents had jobs and worked, the new residents come here… Read more »
Wow, who would have thought people would flee a high tax, woke, high crime state.