-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Perhaps Lightfoot owes these boutique retailers a HUGE apology. Maybe these luxury retailers should just leave Chicago, abandon their storefronts and rely on mail-order sales to their few remaining Chicago paying-customers. Me personally, I won’t visit these stores anymore, to avoid being caught-up in a flash-mob looting episode, given now daily frequency of these events. My 60611 neighbors concur.
Shoplifting mob? Mobile riots of teens and young adults.
Smash and grab is a non-violent crime, until it isn’t.
Who will Lightfoot blame for this one — this store actually had security.