-- 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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You have the freedom to leave Illinois.
Either pack up the Uhaul or quit whining and making endless excuses.
Mom & Pop Landlords: TPTB want you gone. To a prog it’s racist to even own rental property. Take the hint and sell it for what you can. Drive to a red state to finish out your remaining years. Your peace of mind will thank you when Illinois implodes.
Our properties are only ATM machines for all the taxing bodies. Until that changes taxes will continue to go up.
Consider da Dems pols in Illinois and Sheeetcago and their masters da public sector unions like a Black Hole.
How do you stop da Black Hole from sucking in more and more of your wealth via higher and higher taxes.
Get as far away as you can from it.
Illinoisans, vote with your feet and flee da Illinois Black Hole!!
You’ll have run faster than the speed of light!