"This comes as both the city of Chicago and the state eyes bankruptcy options and faces at least $140 billion in unfunded pension liability, $50 billion in expected retiree health care costs, about $3 billion in federal pandemic loans and several billions more in unpaid costs."
Is it just surpassing liquor because folks couldn’t drink at bars, sporting events, restaurants? How does the projected sales compare to alcohol sales in 2019?
On the plus side, this is bad news for cartel profits, hence, the move into opioids and human trafficking.
But the other good news is that states with legalized marijuana tend, not always but tend, to have lower rates of opioid abuse, because it’s easier and safer to use vapes all day rather than to pop oxys.
It’s way better for society to be a functioning pothead than an oxy addict.
your dime your dance floor
5 years ago
To me the big surprise of this article was that the State of Illinois and City of Chicago are eyeing bankruptcy options to get out from under onerous pension debt. Is this actually true and who are the lawmakers looking into this?
Think about Nixon & Kissinger opening the door to China. This would be the PERFECT time for Illinois and several municipalities to file Chapter 9’s. Can’t guarantee what the judge would do, but something which mainly screwed those with pensions > $100K per year [or some such number that would not offend real progressives] would be a genius move that most voters would welcome. COLA and medical benefits could also be “adjusted” and the teachers’ unions might buy it as long as serious pain was not felt by most active and retired teachers. Biden could cooperate by backing up a… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Is it just surpassing liquor because folks couldn’t drink at bars, sporting events, restaurants? How does the projected sales compare to alcohol sales in 2019?
Exactly
On the plus side, this is bad news for cartel profits, hence, the move into opioids and human trafficking.
But the other good news is that states with legalized marijuana tend, not always but tend, to have lower rates of opioid abuse, because it’s easier and safer to use vapes all day rather than to pop oxys.
It’s way better for society to be a functioning pothead than an oxy addict.
To me the big surprise of this article was that the State of Illinois and City of Chicago are eyeing bankruptcy options to get out from under onerous pension debt. Is this actually true and who are the lawmakers looking into this?
Not true.
Think about Nixon & Kissinger opening the door to China. This would be the PERFECT time for Illinois and several municipalities to file Chapter 9’s. Can’t guarantee what the judge would do, but something which mainly screwed those with pensions > $100K per year [or some such number that would not offend real progressives] would be a genius move that most voters would welcome. COLA and medical benefits could also be “adjusted” and the teachers’ unions might buy it as long as serious pain was not felt by most active and retired teachers. Biden could cooperate by backing up a… Read more »
Damn.
Stimulus checks put to good use.
Yup and when the money runs out guess what 😵💫🤯
Another stimulus check