-- 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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These are not unproductive people leaving. They are people who appreciate the rewards of hard work and the value of a dollar. They want safety for themselves and their children.they’ll pay reasonable taxes for reliable government services but they know waste and bloat when they see it. Illinois offers them nothing!
Illinois is an example of what not to do. Greed is a sin. Pensions have destroyed Illinois for generations to come. The number of people leaving is only increasing at an increasing rate.
Only Government lackies and poor immigrants will be left. Once a great state, but that is only memories today. Today it is a Chitty place to live for the private sector families.
The late great state of Illinois will be a textbook example of end-stage death by bloated government.
Everyone is running for their economic lives. The greedy government worker has destroyed the quality of life for the private sector workers and their families. Illinois is DOA, as the remaining fools will have to pay more and more as more and more leave.
When you leave give the state the one finger wave.
When you bite the hand that feeds you, which government workers have done in Illinois, all will not end well.
This comment will age well.