-- 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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As soon you can move, MOVE! This will never stop, now that the tyrants realize they have no limits. Living in a low tax free state is life changing. We all have enough to worry about in life, worrying about the next action from a tyrant should NEVER be your concern. For those of you who stay because of family, do what is right for you as an individual. If able bodied extended family wants to stay, that is their problem, NOT YOURS. This may sound harsh, but life is short, and you must maximize your happiness in the time… Read more »
I’m not going to play pandemic anymore.
When will it end?
Answer: it won’t. Until we remove the people from power who won’t let it end.
As bad as Toni Preckwinkle is, her two primary challengers from the left are even worse than she is.