-- 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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The most dysfunctional state in America? Soaring unemployment, sky-rocketing debt and punishing taxes send residents fleeing | Daily Mail Online
READ THE ARTICLE…….How do we get rid of the garbage running us into the gtound?? Makes me sick to see this happening to a once beautiful state!!
By moving to Florida or Texas.
what about the unbelievable job JBs doing bringing Rivain, Stellantis, Gotion to Illinois??? Crains thinks he’s doing a bang-up job!! (https://www.chicagobusiness.com/opinion/pritzker-building-record-economic-development-wins-crains-editorial)
He’s killing the state……and it seems to be for his own gain…..none of this seems to be benefiting the people
Private sector companies are moving out and new ones are staying out (for good reason).
Public Sector jobs will have to make up the slack at a huge cost to taxpayers.
The dems crowing about “low unemployment!” remind a bit of the old communist East German or Soviet regimes boasting, “Look at us – our society has achieved full employment…!!!”… jobs in those places were literally all “transfer payments”…
Now…..that is really scary