-- 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 people of Ill-a-noy will not stand for another illegal, unlawful, unconstitutional lockdown.
The number of families that spent last year out of state in our circle of friends is staggering, at least 50%. Many relocated their children to private schools too. If they lock down again the flood out of Illinois will become a tsunami as families make that Florida or Arizona condo their new permanent home. We already lost friends to FL last year and except to lose more. I dont know what the Demorats are thinking but it’s complete suicide for IL.
They do not care if taxpayers leave Illinois. They are only interested in placating their permanent victim class constituency voting block.
Good luck with that JB!
JB likes to flex his fat just to show us all who’s in charge.