-- 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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Next these idiots will require all salaried employees to get tips. Progressives do not live in reality. They believe simply by saying something it is true. November can’t get here soon enough.
80 Pct Of US Restaurants Are In Danger Of Closing — Illinois Democrats Are Just Beyond Clueless
Yes, keep putting more nails in the coffin of the dining industry! The only restaurants left will be in rich neighborhoods because the cost of eating out will be prohibitively expensive for middle class families! Equity!