-- 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 best day of your life is the day you move out of Illinois.
There is no hope, DOA, a goner.
Let the cops, teachers and firemen pay all the pension taxes.
Do not be the last man to move.
The race is on to get out of this hell hole.
HIGH TAXES, LOW SERVICES AND some of the worst weather in the US.
You and your family deserve much better.
Remember the movie the African Queen I feel like Humphrey bogart pulling the African Queen aka the state of Illinois through the river with leeches all over me aka Illinois politician’s and all the Illinois tax payers Behind me. Except Catherine Hepburn is not on the boat, it’s jabba and Mikey saying pull tax payers pull were almost out of it but everybody turns around and says jabba we are sinking we’re going down. Guess what THE END