-- 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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Chicago has become another Detroit, maybe worse. Yet they still fail to recognize they, our so called leaders are the reasons
Cathy – I note that just when Cuomo publicly announced that New York needed to find a way to keep its rich people in the state for fiscal reasons the investigation activity against Cuomo really found its footing. Now, Cuomo didn’t behave well, but he was was known for years. What changed is that he aggravated the far left in New York by making practical statements about the rich and the budget. Again, not a defense of Cuomo, but rather a reflection of how the politics of soaking the rich so often controls in today’s blue areas It is a… Read more »
Campaign question. Ask IL legislators running for office where are they going to get the $200 million in income taxes Griffin alone is taking with him? That does not count the additional millions leaving with his employees, Caterpillar’s, and Boeing’s. Employees that are high wage earners, not low income low level workers. Ask Pritzker when he’s bragging on the campaign trail how he’s turned IL around.
Let’s hope Bailey hits the campaign trail hard with JB’s record – skip his obvious personal stuff that can be so easily assailed and go after him on his abysmal record and hypocrisy. Bring up his ongoing and never-ending invoking of emergency powers ‘to save lives.’ Focus on his draconian COVID restrictions – forcing kids to mask up with absolutely no data or science to support it – while claiming to be following data and science. Failing to safeguard the most vulnerable – instead shutting down the economy, closing schools, churches, restaurants, and small businesses. He did allow high-tax essential… Read more »
I hate to say it but in this state I fear the bloated pig will retain his power and it will be as a result of one single issue! Abortion!