-- 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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Not holding my breath…because I live in Illinois and by the time under 65, White, males come up on the distribution priority, it will be 2022. This state is pathetic.
Why? Because it’s run by Democrats.
Marxism fixes nothing. It only destroys.
While there are exceptions, liberals in general simply don’t excel in the area of problem solving. They think with their hearts, not their heads. It is unreasonable to expect better results from them. They aren’t capable of better. Getting angry about it is pointless.
I agree, liberals seem incapable of rational thought, consequently these results are predictable. But does that mean we should abandon a large part of our country to them?
The liberals have every right to rule where they have won elections. That’s democracy. You have the right to leave. In the long run the liberals will destroy their states while conservative states excel. Wirepoints is waiting for Illinois to self destruct, which is inevitable, in the hope it can point the way to back to fiscal sanity. You can wait for that to happen or not. I decided not to wait and I’m thankful I live in a country that allowed me the choice.
Many people seem to believe that winning an election gives the majority the right to rule in any way they want, and that the minority have lost their rights by losing the election. Our Constitution was written to protect us from the mob rule of the majority.
If the mob has taken over Illinois by winning an election, what makes you believe that they cannot do so in any other state?
A strong, corrupt leader (Madigan) with a demand for absolute party loyalty, with severe punishment (not just bad tweets, but loss of D party funding) for those who stray even the slightest bit, is a recipe for disaster. Gerrymandering turned a slight majority, maybe 55% at best, into a 67-69% supermajority, where some districts are so gerrymandered that no one from the opposite party could ever win. My district is consistently about 55% D, 45% R, only because the state couldn’t gerrymander it any less Republican to ensure no wining republican candidate ever. They all agree to pass each other’s… Read more »
This is starting to happen everywhere. No usual Dem states turning red, but several red states going more blue. And a lot of the funding for it comes from teacher and public employee unions.
Incompetence! Not to put too fine a point on it.
When you look at the fiasco of IDES, and now the mediocre rollout of the two vaccines developed because of Trump’s Operation Warp Speed, you quickly see the malfeasance of Pritzker. Pritzkers instincts aren’t to solve problems, but to politicize, bloviate, and deflect blame (It’s Trump’s fault, it’s Rauner’s fault). Other states are getting the job done just fine, but for some reason things just don’t seem to get done well in Illinois.
And, what a surprise.
The state that has a library of vaporous excuses for why our pestilential bankruptcy of finances and governance aren’t really as bad as they seem, or the fault of the people in charge, responds to it’s vaccination failures with more-of-the-same blather and harrumphery.
This is how communist regimes operate. Why the surprise here in Illinois?
It seems that those who are in government in Illinois have no idea what they are doing. That is in anything. Look is at the helm–no more words.