-- 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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Shopping malls, really, those still exist? My wife and I haven’t shopped in a mall for 5 years. We went to Cheesecake Factory, but not the mall. I personally stopped going to malls for 10 years when I noticed there really isn’t anything there for men, no radio shack, no hardware, no more high end stereo stores. Malls are an anachronism of a bygone day..
The high end malls are shopping destinations that do well. They aren’t made for guys like you though, unless you’re carrying your wife and childrens’ bags. Radio shack went bankrupt, so did the high end stereo stores (hi-fi isn’t a thing in the world of low quality mp3 streaming) and hardware stores are all big boxes. The middle malls are barely hanging on and the low end malls are mostly abandoned or nearly empty.
I saw Lincoln mall die, in the end it was nothing but soft pretzels, chocolate chips and sunglasses kiosks!
One more reason to buy Amazon stock….and sell Illinois assets.
People have to take responsibility for themselves. This the government as BIG Brother is communistic. At this rate there will be only government workers left in Illinois and everyone else will have it in their rearview mirrors.
I’m not a conspiracy theorist, but it is increasingly looking like Jabba Phase 5 criteria was purposely created to never reopen the state. We need effective treatments, a vaccine, or the disease has to mysteriously disappear. That’s not likely to happen in the next few years. I’m not aware of any other state having such strict criteria. What planet does this loser live on?
You have valid points. Jay Bob continuously repeats “12-18 months for a cure”, but there’s no way to really predict a cure. ?
Brady Sluder is the realist, with his “If I get corona, I get corona* ☹️
What other choice do most people have? We have bills, obligations, families to feed. Is everyone supposed to go bankrupt and lose everything because a handful of morbidly obese are too hungry to lose a little weight? That’s their problem, not mine. Most people will be OK.
But every govt Union custodian, pencil pusher, dog catcher is of course gonna get paid to sit home. While small business is basically told to go bankrupt.