-- 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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I do not like this at all. I’m not interested in a future where every move I make is governed by bureaucrats who “know what’s best” for businesses. Honestly, if you don’t like Grubhub or Uber Eats, build your own platform or use your own portal. They’re out there and some charge only a monthly fee. What you really want is Grubhub’s customer base, but don’t want to pay for it….all in the name of being “progressive” and “helping out small business.” I’m one of those, and I’m calling BS. We cannot complain about a government that is in every… Read more »
How is this government’s job?