-- 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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JB for President!!!
More evidence of his failure as the chief executive of our state…
High taxes, crime, high labor costs – just some of the AWESOME reasons to move to or keep a business in Illinois…
The signs of creeping economic decay are everywhere in Chicago. Simple test – If at the ‘Pollooza, look to see how many lights are on in those tall buildings. I remember the 2008 real estate crash and how so many new high rise condo’s in FL were dark, and thus empty. Of course FL recovered thanks in large part to PDJT and DeSantis and a Republican legislature, but also leftist Democrats chasing people out of IL, NY, PA, and NJ and those empty condo’s filled up – Pritzker probably even bought some. Not gonna happen in IL.
Who’s concerned? Certainly not your state officials. Certainly not the Democrats. Definitely not the Democrat owned media. Who is really concerned? The fact is that nobody with any influence cares. Face it. You are owned by the 3 leaf clover of the Democrats, Unions and media. You have only those rights that they deem to bestow on you. You are nobody to them and they don’t care at all about you, but hey, keep voting Democrat because they care about the average man. I’m sure it will change.
I disagree, we are the taxpayers they need to pay for everything.
Apparently, hiring ex cons as “ peacekeepers “, “ violence interruptors “ and “ school path safety monitors “ hasn’t put much of a dent in the unemployment that plagues IL. Maybe more useless social service initiatives are needed.
You’re so right… If only we spent MORE money on these problems they might get better!!!
Why start being concerned about it now? They are a little late to the party. This has been going on for years. Public Sector gouging has made Illinois too expensive to do business in, this is not a secrete.